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BREAKING: Porto hit with one-year ban from European competitions & fined €1.5m



BREAKING: Porto hit with one-year ban from European competitions & fined €1.5m

FC Porto has been fined €1.5 million by UEFA for “debts owed to other football clubs, employees, and/or social/fiscal authorities.” In addition to the financial penalty, Porto has received a suspended sentence of a one-year ban from European competitions.

This means that if Porto fails to meet UEFA’s financial requirements in the future, the ban could be enforced, preventing them from participating in European tournaments for a year.

The club statement:

The UEFA Financial Control Committee confirmed yesterday that FC Porto faces a fine of €1.5 million and a one-year suspension from UEFA European competitions during the 2025/26, 2026/27, and 2027/28 seasons. The club was formally notified of this sanction on April 19, 2024.

The Management of Futebol Clube do Porto clarifies to the Members that this sanction results from reckless and ineffective management by the previous administration of the Club and its Sports Society.

These actions led to non-compliance with UEFA’s financial fair play rules, including payment controls related to employees, the tax authority/social security, and football clubs. The severity of the sanction is due to repeated non-compliance with these rules and the communication of incorrect and incomplete information to UEFA.

Despite these challenges, the new elected Board will ensure strict adherence to all rules and regulations, including UEFA’s financial fair play standards. The Management will also investigate the reasons for the club incurring this sanction and determine the responsibilities of those involved in repeated non-compliances and omission of facts.

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Man Utd’s full confirmed list of transfer ins and outs after summer budget emerges



Man Utd chiefs impressed by Atalanta midfielder Ederson

Manchester United is gearing up for a significant summer overhaul under the new football operations leadership of Sir Jim Ratcliffe and Ineos, following their purchase of a minority stake in the club.

With the decision made to retain manager Erik ten Hag, United’s focus has shifted to the transfer window. After finishing eighth in the Premier League last season, the club is eager to strengthen the squad, though they must navigate the Premier League’s Profit and Sustainability Rules (PSR). This means United’s transfer budget could be limited to £50 million, contingent on player sales.

Several players have been linked to Old Trafford, including Everton’s Jarrad Branthwaite, Wolves’ Matheus Cunha, and Bologna’s Joshua Zirkzee. Ratcliffe’s plan involves building the team around young talents like Rasmus Hojlund, Alejandro Garnacho, and Kobbie Mainoo.

The squad revamp has already begun with the release of high earners Raphael Varane and Anthony Martial after their contracts expired. Jadon Sancho, following a public dispute with Ten Hag and a loan stint at Borussia Dortmund, is also up for sale, with United seeking around £40 million for the winger.

Mason Greenwood, after a loan spell at Getafe, is set to leave the club with interest from various European teams. Other potential departures include Victor Lindelof, Christian Eriksen, and Donny van de Beek, who are all in the final year of their contracts.

As pre-season approaches next month, United aims to complete most of their transfer business early. Mirror Football provides the latest updates on all the ins and outs at Old Trafford.

Manchester United ins

Daniel Gore – Port Vale – End of loan

Will Fish – Hibernian – End of loan

Manchester United outs

Raphael Varane – Released

Anthony Martial – Released

Brandon Williams – Released

Shola Shoretire – Released

Omari Forson – Monza – Released

Alvaro Carreras – Benfica

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Euro 2024 squads ranked by value with England at £1.29bn [Details]



Euro 2024 squads ranked by value with England at £1.29bn [Details]

England boasts the most valuable squad at this summer’s Euros, with Gareth Southgate’s team valued at a staggering £1.29 billion.

Despite a disappointing 1-0 loss to Iceland in their final warm-up game at Wembley, England remains the favorite to win the tournament, thanks to their roster of superstar players.

Key names contributing to this high valuation include Harry Kane, Jude Bellingham, Phil Foden, Declan Rice, Cole Palmer, and Bukayo Saka.

Notably, the squad’s value could have been even higher had Southgate included Marcus Rashford and Jack Grealish.

England’s squad is worth £250 million more than the next highest, France, which is valued at £1.04 billion. This substantial valuation helps explain why England and France are the top favorites for the tournament.

Following England and France are Portugal with a squad worth £890 million, Spain at £820 million, and hosts Germany rounding out the top five with a valuation of £722 million.

Portugal’s squad features highly valued players like Rafael Leao, Ruben Dias, Bruno Fernandes, Bernardo Silva, and Joao Palhinha, each valued at over £50 million.

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Sir Jim Ratcliffe’s fresh stance on selling Fernandes after Man Utd contract demand



Sir Jim Ratcliffe's fresh stance on selling Fernandes after Man Utd contract demand

Sir Jim Ratcliffe and the Manchester United hierarchy are open to offers for Bruno Fernandes as they aim to raise funds and cut wages.

Despite Fernandes’ consistent performance since joining in January 2020, financial pressures are pushing the club to consider his sale. According to the Guardian, Manchester United acknowledges Fernandes’ key role in the squad but needs to inject money back into the team and manage the wage bill.

Fernandes’ agent, Miguel Pinho, has been in discussions with potential buyers, including Bayern Munich. Although Barcelona has been mentioned, their financial issues make them a less likely option.

Fernandes, who currently earns around £220,000 a week, is seeking a contract extension with improved terms, aiming for parity with top earners like Marcus Rashford and Jadon Sancho. Rashford’s basic salary is approximately £365,000, while Sancho and Casemiro are in the £300,000-a-week bracket. At 29, Fernandes sees his next contract as potentially the most lucrative of his career.

Additionally, Fernandes wants clarity on the club’s direction, especially with the uncertain future of Erik ten Hag, following Manchester United’s worst Premier League season. The potential managerial change could influence several players’ decisions about their futures, including Fernandes, who has emphasized the need for the club to match his ambition.

“I love to step out at Old Trafford more than anything in the world,” Fernandes shared with the Players’ Tribune. “I don’t want to leave. This has always been my ultimate dream. I just want my expectations to fit with the expectations of the club. If you go talk to any fan, they will tell you the same thing. We want to compete for the league. We want to be playing Champions League football. We want to be in cup finals. That is the standard.”

Given their significant market value, both Rashford and Fernandes could be considered for sale if substantial offers come in, especially as Rashford has struggled to maintain top form over the past year.

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