Arsenal and the other clubs involved have reportedly been fined around £7m by UEFA for their part in attempting to breakaway to form a European Super League.
Although there has been no big song and dance about the fine, the Telegraph report that Arsenal have been fined a total of around £7m for their part in trying to destroy football even further.
In an exclusive, “Telegraph Sport understands Manchester United, Manchester City, Liverpool, Chelsea, Arsenal and Tottenham Hotspur will face much tougher sanctions from the Premier League having received Uefa fines totalling around £7million each for their part in the short-lived European Super League.”
UEFA also confirmed that nine of the 12 clubs have agreed to apologise and terminate their contracts with the Super League after UEFA told them they needed to write a letter confirming their intention to withdraw.
Real Madrid, Barcelona and Juventus, however, are threatening to sue the nine for breaching their contracts with the Super League, so this story is far from over.
UEFA president, Aleksander Ceferin said: “I said at the UEFA Congress two weeks ago that it takes a strong organisation to admit making a mistake especially in these days of trial by social media. These clubs have done just that.
“In accepting their commitments and willingness to repair the disruption they caused, UEFA wants to put this chapter behind it and move forward in a positive spirit.
“The measures announced are significant, but none of the financial penalties will be retained by UEFA. They will all be reinvested into youth and grassroots football in local communities across Europe, including the UK.”
Arsenal are also obliged to rejoin the European Club Association, from which they withdrew while UEFA will retain 5% of revenue generated when they manage get back into Europe.
Should any of the clubs try to do a similar thing again, they will face a fine of €100m, while they will be fined €50m should they break any of their other commitments to UEFA.
All in all, a very expensive 48 hours for the club, regardless of Josh Kroenke’s claim that they will cover any costs and fines personally.
If you believe that, I have a bridge I’d like sell you…