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


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
Cruyff: Barca Needs to Restore Laporta, Guardiola     
Barcelona legend Johan Cruyff thinks the best way to turn the Catalan giant's fortunes around is ...
Ronaldo Could Miss First Game vs. Bayern     
Cristiano Ronaldo watched from the stands as Real Madrid beat Barcelona 2-1 in the Copa del ...
Report: Moyes Must Qualify for Europa League    
Manchester United coach David Moyes is understood to be under pressure from the Glazer family, the ...
Bayern Eases into German Cup Final     
Bayern Munich on Wednesday remained on course for a record 17th German Cup by crushing second ...
Pellegrini: 'Mentally Tired' City Not Out of Title Race    
Manuel Pellegrini admitted that Manchester City is mentally tired after his team could only manage a ...
Martinez: Everton Can Still Finish Fourth     
Everton coach Roberto Martinez reflected on a "hurtful" 3-2 loss to Crystal Palace at home in ...
Bartra Blames Bale Goal on Fitness    
Barcelona defender Marc Bartra insists that fitness issues kept him from keeping up with Real Madrid ...
Bale's Dream Comes True as Real Wins King's Cup    
Real Madrid won the first of what it hopes will be three major trophies this season ...
Chandler Could Return to Training Next Week     
U.S. international Timothy Chandler is set to return to Nurnberg team training in 10 days, ESPN ...
Garcia: Roma's Scudetto Dream Not Over    
AS Roma coach Rudi Garcia says that he has not given up hope on the Scudetto ...
>> Section 2 Around the Net Archives