UEFA: €24m withheld for non-compliance with Financial Fair Play rules redistributed to other clubs

"The distribution mechanism of the prize money unconditionally withheld due to non-compliance with Financial Fair Play (FFP) rules was ratified. All amounts will be entirely redistributed to other clubs participating in the UEFA (Union of European Football Associations) club competitions, since these clubs have been impacted by the non-compliance with FFP rules," said the European federation, following the meeting of its Executive Committee in Nyon (SUI) on 18/09/2014.

"This distribution mechanism has been previously discussed and agreed with the European Club Association (ECA)," added UEFA. "We are very pleased to hear that UEFA confirmed ECA's proposal. This distribution concept is a great sign of solidarity between big and small clubs," said Karl-Heinz Rummenigge, the chairman of the ECA, on 18/09/2014.

80% of this amount will be redistributed in equal shares to clubs that reached the group stage of the 2013-14 Champions League and of the Europa League, with the exception of the clubs sanctioned for non-compliance with FFP rules. The remaining 20% will be distributed to the clubs…