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UEFA confident over FFP

UEFA are confident that Europe's wealthiest clubs will not be allowed to break the rules when the new Financial Fair Play system comes into force at the start of the 2013/14 season.

Last Updated: 11/04/13 at 07:11 Post Comment

European clubs will be obliged to break even, within discretion of £4.3million over three years, although initially owners will be allowed to cover losses of up to £13m a year.

Manchester City and Paris St Germain are two clubs who will need to keep a firm control on their finances.

Both have huge sponsorship deals with companies closely associated with their owners.

City currently have a £400m deal with Etihad airline, closely linked to its Abu Dhabi-based owner, while Qatar-owned PSG have recently announced a £125m-a-year deal with the Qatar Tourist Authority.

UEFA have published its annual benchmark report which warns two English clubs - understood to be Manchester City and Chelsea - are among 46 across 22 European nations who could fall foul of its financial rules based on 2009-2011 figures.

UEFA general secretary Gianni Infantino said: "We have a regulation which speaks about fair value of deals and the fact that a related party cannot just inject money into a club directly or indirectly."

Infantino insisted the financial measures were not targeted at England, and recommended that the Premier League adopt similar rules which are on the agenda for their meeting this Thursday.

He added: "It has been perceived by some as a sort of anti-English thing but absolutely not.

"It is just a good common sense rule that everyone of us is implementing at home If you earn 1,000 euros you can't spend 1,200.

"We can only encourage the Premier League as we encourage each league and association. I think it's very positive.

"We are very happy that the Football League has already introduced financial fair play."

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Readers' Comments

H

e made his power play to try and get Sheikhy to raise his wages or trade him to PSG. PSG were probably not interested and he is stuck with no cake and no vacation. @Jay_D> Surely you jest about FFP being real, right? All Platini is doing is making billionaries pay measly fines, so he and his cronies can get rich. If a fool can pay 50 mil for David Luiz, he will happily pay some fine to UEFA. FFP has failed as for it to succeed UEFA had to take it...

Synergy
Toure: I am staying with City

G

uess we can expect Toure's explanation of his behaviour around the same time Pete Townshend publishes his book then.

ceeps
Toure: I am staying with City

D

amn you Yaya, don't scare me like that! I only ate the icing. I didn't eat the soft and scrumptious middle - I will buy you another cake!

MCFC87
Toure: I am staying with City

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