Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySoccer World 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: Big Clubs Cannot 'Cheat' Financial Fair Play
Guardian, February 4th, 2013 1:39PM

MOST READ
TAGS:  england, france

MOST COMMENTED

UEFA has warned Europe’s richest clubs, including Manchester City, Chelsea and Paris Saint-Germain, that they will not be able to “cheat” their way through Europe’s new financial fair play rules. A simulation based on the last three years of club revenues showed that 46 clubs would have failed UEFA’s break-even test. Of the 46, 20 had losses of more than $61 million over three seasons that would lead to an automatic ban from European competition.

Three of the 20 are believed to be super-rich Chelsea, Manchester City and PSG. In an interview with the Guardian, UEFA General Secretary Gianni Infantino suggested that that the jaw-dropping sponsorship agreements between Manchester City and Etihad ($157 million per season for four seasons) and PSG and the Qatar Tourism Authority ($315 million per season) might not be “fair value.” City is owned by Sheikh Mansour bin Zayed bin Zayed Al Nahyan, who also happens to be chairman of Etihad Airways. Similarly, PSG is owned by the Qatari Investment Authority. Since both club and sponsor have the same owner, Infantino said an independent panel of experts would need to assess the “fair value” of these sponsorships.

"Everyone, including PSG, knows the rules and knows when they kick in,” Infantino said. “They know the rules are that they have to generate revenues to cover their costs without cheating.” Financial fair play goes into effect next spring, which means sanctions would be handed out for the 2014-15 season.

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
Cal South TOPSoccer Program Turns 25    
"We're all soccer players, special needs or not," says Sandy Castillo, chair of the Cal South ...
How Neymar Played in Childhood     
Neyrmar: "I used to pick up the ball, set up the furniture and go around dribbling ...
Roma Partnering with U.S. Youth Clubs    
Italian Serie A club Roma, which has American ownership, aims to forge partnerships with seven U.S. ...
LVG: Falcao "Has to Prove Himself"    
Manchester United coach Louis van Gaal has responded to criticism over dropping Radamel Falcao by claiming ...
Report: Adidas to Assist Messi Move?    
According to Spanish sports daily AS, Lionel Messi's sponsor Adidas could be the key to the ...
Toure Admits Man City Future in Doubt     
Speaking ahead of the opening games of the African Nations' Cup in Equatorial Guinea this weekend, ...
Ronaldo Blasts 'Defensive' Atleti Tactics    
Cristiano Ronaldo blasted Atletico Madrid for its unattractive style after the Rojiblancos ousted Real Madrid from ...
Fabian Johnson's 'Spat' with 'Gladbach Coach Favre    
According to Bild, USA defender Fabian Johnson is in a "spat" with Borussia Monchengladbach coach Lucien ...
Serie A to Introduce Goal-Line Technology     
Serie A will introduce goal-line technology next season after the Italian soccer federation (FIGC) gave its ...
Ronaldo: Cristiano Junior Prefers Messi     
Real Madrid forward Cristiano Ronaldo, who on Monday was named the 2014 Ballon D'Or winner, revealed ...
>> Section 2 Around the Net Archives