FC Porto communicates UEFA fantastic to CMVM | Abola.pt | Abola.pt

The company’s sanction was imposed on April 19 and was solely introduced on Might 17, properly after the membership’s elections.

oh FC Porto This Tuesday it was introduced to the Securities and Change Fee (CMVM) that the membership has been fined €1.5 million by UEFA and faces a one-year ban from UEFA European competitions for the following two seasons.

oh FC Porto was knowledgeable by “UEFA, on 19 April 2024, of the choice of the UEFA Membership Monetary Management Physique relating to non-compliance with sure requirements of the UEFA licensing and monetary stability guidelines, and UEFA solely printed that call on the day of Might 17, 2024 “, that’s, the Administration was beforehand conscious of the choice earlier than the elections for the governing our bodies of the FC Porto.

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news-item-description ellipsis-2-line">André Villas-Boas accuses the earlier administration and administration of SAD of “irresponsible and ineffective administration actions”

“That call imposes a fantastic on Futebol Clube do Porto – Futebol, SAD within the quantity of 1,500,000.00, in addition to a penalty of suspension for one sporting season from UEFA competitions in case of additional non-compliance to those requirements within the subsequent two seasons», reads within the assertion despatched to the CMVM.

It needs to be remembered that on Might 18, FC Porto accepted a fantastic and the danger of suspension from European competitions in a press release reporting “irresponsible and ineffective actions by the earlier administration.”