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Bayern Chief Backs FFP

  • Goal.com, Monday, October 13, 2014 4:10 PM

Bayern Munich chairman Karl-Heinz Rummenigge, who is also acting chairman of the European Club Association, is confident that the Financial Fair Play measures implemented by UEFA are vital for the health of the game in Europe -- and it’s not just about reining in the spending of clubs with almost limitless resources like Paris Saint-Germain and Manchester City, he says in an interview with Goal.com.

"A huge company stands behind PSG, with almost infinite money,” the German said. “Since the strength of the squad is very dependent on the transfer market, PSG could be invested in indefinitely. We don't think this is fair. [PSG owner Nasser] Al-Khelaifi is in a very fast car, but even Ferraris get damaged if they drive too fast. PSG were convicted last summer for violations.” Indeed, for running afoul of FFP last year, City and PSG were each hit with a 60 million euro ($76 million) fine, forced to curb their transfer spending for the coming seasons, as well as play their UCL matches with a squad of 21 rather than 25 players.

“[UEFA President] Michel Platini wants his baby to grow slowly, and this is necessary,” Rummenigge said of the sanctions. “We have a professional football world, in which round about 65 percent of all clubs in Europe are losing money. It is not a healthy landscape. UEFA must challenge and support or we'll continue with irrational transfer fees."

The Bayern chief added that big spending clubs like Real Madrid and Barcelona are not the problem, as FFP is about clubs living within their means. "Real and Barcelona are not the big problem, although they have a higher mountain of debt,” he said. "Financial fair play is based on the break-even rule - that's simply 'do not spend more than you earn.' The European Club Association [ECA] had a meeting in Manchester with 150 representatives in 2009. All were in favor."

Read the whole story at Goal.com »

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