UEFA says 76 clubs are being investigated for possible breaches of its
Financial Fair Play (FFP) rules.
Clubs that failed UEFA's break-even calculations for 2012 have been
asked to provide financial information for 2013.
Their finances will be assessed by an independent UEFA-appointed panel
to see if the breaches have continued.
If they have, clubs could face sanctions that include fines or even bans
from competing in Europe.
I don’t believe it! UEFA have indicated that they’re actually prepared
to do something about clubs continuing to spend hundreds of millions of pounds
despite posting huge losses.
Hopefully this will also put a stop to clubs signing bogus inflated
sponsorship deals with companies associated with their owners in a bid to beef
up their revenues.
Maybe now FFP won’t be looked at as a silly set of rules that clubs can just
ignore and circumvent, and instead viewed as a real set of laws that will have
to be followed which in doing so will make football much fairer and more competitive.
This should also encourage more teams to look at giving their young home
grown players a chance, of course all of the above could be meaningless and UEFA
may not actually charge a single one of these 76 clubs, but I’m going to remain
optimistic and hope that the likes of Man City and PSG will be punished for
their excesses.
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