Tottenham learn of financial punishment for European Super League involvement
Tottenham Hotspur are one of the nine original European Super League clubs, including the other five Premier League clubs, have been handed a financial punishment by Uefa. Tottenham, Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur, plus AC Milan, Inter Milan and Atletico Madrid – have also pledged their commitment to the European governing […]
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Tottenham Hotspur are one of the nine original European Super League clubs, including the other five Premier League clubs, have been handed a financial punishment by Uefa.
Tottenham, Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur, plus AC Milan, Inter Milan and Atletico Madrid – have also pledged their commitment to the European governing body and its respective competitions.
The nine clubs have agreed to make a combined 15m euros (£13.4m) goodwill contribution to benefit children’s and grassroots football across Europe.
They will also have 5% of Uefa competition revenues withheld for one season, starting in 2023-24, and this money will be redistributed, including in the UK.
Tottenham were forced to perform u-turn on their plans to join the European Super League following a furious backlash from supporters with chairman Daniel Levy claiming that he regretted the anxiety and upset it has caused but stopped short of apologising to the North London faithful.
“The measures announced are significant, but none of the financial penalties will be retained by UEFA,” Aleksander Čeferin, UEFA president was quoted by AP.
“They will all be reinvested into youth and grassroots football in local communities across Europe, including the UK. These clubs recognised their mistakes quickly and have taken action to demonstrate their contrition and future commitment to European football.
“The same cannot be said for the clubs that remain involved in the so-called ‘Super League,’ and UEFA will deal with those clubs subsequently.”
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The post Tottenham learn of financial punishment for European Super League involvement appeared first on Spurs Web - Tottenham Hotspur Football News.