Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
UEFA Vows To Punish Clubs In Red
AP , August 27th, 2009 4PM

MOST READ

MOST COMMENTED

UEFA is trying to curb the financial recklessness that plagues many of Europe's top clubs. UEFA president Michel Platini said that he wants to establish new rules by 2012 to stop clubs from spending more on players than they generate in income. Before launching this season's 32 team Champions League competition, UEFA warned European soccer clubs that they must break even in the future or face being barred from the Champions League. "The clubs simply can't spend more than they generate by way of income," Platini said. "We have three years to see how clubs can get back to break even."

Much remains unclear, however, about clubs operating legitimately in debt. "If the loss corresponds to the money which is invested in youth and infrastructure, this will certainly be tolerated," UEFA deputy general secretary Gianni Infantino said. UEFA plans to create an independent financial control panel to review clubs' financial status. This panel will warn and fine clubs before expelling them from the competition.

UEFA's proposals for controlling club spending will be discussed Friday by the Professional Football Strategy Council, a panel of experts from Europe's clubs, leagues and players' unions.

 

 

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
FIFA Sets Meeting to Discuss Qatar 2022    
FIFA has said it will step up the search for new dates to play the 2022 ...
Poll: Fans Think Real is Weaker Than Last Season    
According to a poll conducted by Spanish daily AS, Real Madrid fans think their team is ...
Last Minute Deals for Cleverly, Falcao, Welbeck Completed    
Tom Cleverly on Tuesday completed a season-long loan switch to Aston Villa from Manchester United, despite ...
Report: EPL Clubs Spend Close to $1.4 Billion on Summer Transfers     
English Premier League teams smashed the previous record for spending during the summer transfer window after ...
Several World Cup Stars to Miss Final Rematch     
Lionel Messi is one of four injured Albiceleste stars for the World Cup final rematch between ...
Ronaldo: I Can't Say What I Think About Real's Transfers     
Cristiano Ronaldo, who missed Real Madrid's shock 4-2 defeat at Real Sociedad with a lingering knee ...
Ancelotti: Attitude to Blame for La Real Loss    
Real Madrid coach Carlo Ancelotti rejected suggestions that Xabi Alonso's departure to Bayern Munich was to ...
Creighton shuts down Jordan Morris    
No. 24 Creighton got goals by freshman Ricky Lopez-Espin and Fabian Herbers to beat No. 13 ...
Redknapp to Sign Two-Year QPR Extension    
Despite losing his first three games of the season, Queens Park Rangers coach Harry Redknapp revealed ...
Hernandez, Juve Agree Personal Terms    
The Corriere dello Sport on Friday reported that Juventus has agreed personal terms with Manchester United ...
>> Section 2 Around the Net Archives