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
Man United's Falcao Out Two Weeks    
Manchester United striker Radamel Falcao will be out for another two weeks with a "new injury", ...
Arsenal's Injury Woes Ahead of Man United Clash     
While much has been made of the injury crisis facing Manchester United coach Louis van Gaal, ...
Bolton Coach Fumes at Klinsmann    
Bolton Wanderers coach Neil Lennon on Friday slammed USA coach Jurgen Klinsmann for what he called ...
Liverpool Investigates Sturridge Injury    
Liverpool has opened an investigation into Daniel Sturridge's persistent injury problems after the striker suffered yet ...
Report: Messi Could Leave Barca over Tax Threat     
According to unnamed sources cited by Spanish newspaper El Confidencial, Lionel Messi may leave Barcelona due ...
Chelsea's Costa 'Totally Recovered' From Injury    
Jose Mourinho on Friday revealed that star striker Diego Costa, who missed Spain's 3-0 win against ...
Klopp Hints at Reus Departure     
Jurgen Klopp admitted that he is powerless to keep Marco Reus at Borussia Dortmund, and hinted ...
Report: Blind Injury Not as Bad as Feared     
Manchester United on Thursday was boosted by the news that defender Daley Blind will be out ...
Parma Deducted Points for Missing Payments    
Serie A club Parma will be deducted between one and six points this season for failing ...
MLS MVP Finalists Still Alive     
For the first time since 2010, all three MLS MVP finalists still have a chance of ...
>> Section 2 Around the Net Archives