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: 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
Report: Real Beats Barca to Promising Youngster    
Real Madrid has beaten Barcelona to the signing of promising youngster Marco Asensio, in what Spanish ...
Guardiola Hopes Messi Stays at Barca     
Bayern Munich coach Pep Guardiola said he hopes "with all my heart" that Lionel Messi ends ...
Man City, Bayern Fans Persist with UEFA Protest    
PA Sport reports that Manchester City and Bayern Munich will continue their "Respect ... Fans" protest ...
Report: Sony to End FIFA Partnership     
Japanese consumer electronics giant Sony will become the second official FIFA sponsor to decide not to ...
Arsenal Fails to Register Giroud for UCL     
Arsenal striker Olivier Giroud will be forced to sit out the Gunners' crucial UEFA Champions League ...
Koeman: Saints Can Finish Top Four    
Southampton coach Ronald Koeman insists his team can remain in the Premier League's top four following ...
Mourinho Downplays Di Matteo's Chelsea Success     
Jose Mourinho refused to be drawn into a comparison with former Chelsea coach Roberto Di Matteo, ...
Report: Barca's Vermaelen May Need Surgery     
Goal.com reports that Barcelona defender Thomas Vermaelen could require surgery to cure the hamstring injury that ...
Messi's Top Ten Records    
Barcelona striker Lionel Messi, who became La Liga's all-time leading scorer (253 goals) following his hat ...
Rodgers Admits His Future Could be in Doubt     
Brendan Rodgers admitted that he could be fired after Liverpool slumped to a fourth successive defeat ...
>> Section 2 Around the Net Archives