Uefa has announced that Inter Milan has fully complied with its financial fair play (FFP) requirements and will no longer face extra financial scrutiny.
The Italian club had to forgo €6m ($6.7m) in Uefa competition prize money and submit itself to four years of monitoring as part of an FFP settlement agreement signed with the governing body in May 2015. Uefa’s FFP rules are designed to prevent European clubs from spending beyond their means.
Uefa’s Club Financial Control Body investigatory chamber (CFBC) confirmed that two other clubs, FC Astana and Beşiktaş JK had also been cleared, having also complied with FFP agreements signed in May 2016 and May 2015 respectively.
But the CFBC investigatory chamber said it had decided to refer the case of Trabzonspor AŞ back to its judging panel. The club failed to break even this season, meaning it breached its agreement with Uefa signed in May 2016.
The news comes just a few days after Uefa confirmed that it will refer the English Premier League champions Manchester City to the adjudicatory chamber of the CFBC. City is alleged to have disguised investments from its owner, Sheikh Mansour bin Zayed al-Nahyan, as sponsorship deals through various UAE-based companies. But the club maintains its innocence and last week hit out at the what it described as the “wholly unsatisfactory, curtailed, and hostile process” carried out by the governing body.