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 Pushing Fair Financial Measures Along
Uefa.com, August 28th, 2009 2:45PM

MOST READ

MOST COMMENTED

The Professional Football Strategy Council (PFSC) unanimously recommended that UEFA's Executive Committee approve the Financial Fair Play concept at UEFA's upcoming meeting in Nyon in September. The PFSC is composed of representatives from the European Professional Football Leagues (EPFL), the players (FIFPro Europe), the clubs (ECA) and the UEFA vice-presidents.

As UEFA says on its web site: "The main purpose of the Financial Fair Play concept is to improve the financial fairness in European competitions and the long-term stability of club soccer across Europe. In order to achieve this purpose, a set of measures will be put in place including: the obligation for clubs whose turnover is over a certain threshold, over a period of time, to balance their books, or break even, (i.e. clubs cannot repeatedly spend more than the generated revenues); to provide guidance on salaries and transfer spending; to provide an indicator on the sustainability of the levels of debt; and the obligation for clubs to honor their commitments at all times."

These measures aim to encourage long-term investments from clubs instead of speculative and rash spending. UEFA president Michael Platini has championed the principles behind the Fair Play concept, but he also seems to realize that implementing such principles will require much more thorough and detailed standards. "The principle has now been established and this is a major breakthrough," Platini said. "Now we will all have to work hard together over the coming months in order to put in place the all-important detail." As part of its proposals for the 2012/13 season, UEFA plans to introduce a proposal to limit the size of squad's rosters as a way to limit clubs' expenditures on salaries and transfers.

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
Bookmakers Slash LVG Exit Odds    
British bookmakers reacted to Manchester United's humiliating 4-0 defeat against Milton Keynes Dons in the Capital ...
Atletico Appeals Simeone's Ban    
Atletico Madrid President Enrique Cerezo on Tuesday said the club would appeal coach Diego Simeone's eight-game ...
Eto'o Signs Two-Year Deal with Everton     
Samuel Eto'o on Tuesday completed a free transfer to Everton, signing a two-year deal with the ...
Warnock Appointed Coach of Crystal Palace     
Crystal Palace on Tuesday signed former coach Neil Warnock on a two-year contract. Warnock, who most ...
Barca Target Douglas to Sign Five-Year Deal     
Barcelona on Tuesday announced that Brazilian right back Douglas will join the club before the end ...
Deila: Celtic 'Not Good Enough' for UCL     
Celtic coach Ronny Deila said his team was "not good enough" to play in this season's ...
Di Maria: I was Forced Out by Real Madrid    
In an open letter to Real Madrid fans, Angel Di Maria reveals that he did not ...
Yeagley: 'They all want to beat Indiana'    
A Big Ten title extended Indiana's streak of consecutive NCAA Tournament appearances to 27, but it ...
Belmont Abbey freshman McGuire remembered on campus    
Belmont Abbey freshman Michael McGuire collapsed following a pre-season fitness test Aug. 16 and died five ...
Report: Benatia Joins Bayern Munich from Roma     
AS Roma on Tuesday sold central defender Mehdi Benatia to Bayern Munich on a five-year contract. ...
>> Section 2 Around the Net Archives