Idman.biz
Newcastle United could be punished for violating UEFA's financial rules.
Idman.Biz reports this with reference to The Times.
According to the source, the club cannot use the profit from the sale of the leased part of the St. James' Park stadium to a subsidiary. According to their financial statements, Newcastle made a profit of £133.1 million from the sale of the leased part of the stadium and surrounding area.
It is noted that the Premier League allows the declaration of the sale of such assets to subsidiaries as profit in order to help clubs comply with profitability and sustainability rules. However, UEFA has adopted a stricter approach and last year fined Chelsea (£27 million) and Aston Villa (£11 million) for violating the rules. The organization refused to allow the sale of women's teams to affiliated companies to be declared as income.
It has been clarified that Newcastle's financial situation means that the club may be forced to sell key players, as the team is unlikely to qualify for the Champions League.
