Premier League clubs could fall foul of UEFA's new Financial Fair Play ruling
Thu 27th May 2010 | UEFA
Three-quarters of the English Premier League clubs will fall foul of UEFA’s Financial Fair Play rules which are expected to be approved by UEFA’s executive committee today according to Soccerex Business.
According to 2008-09 season accounts, the most recent information to be published, 14 Premier League clubs made substantial losses that would prevent them from obtaining a license to play in Europe.
“If the regulations are introduced as reported, we envisage a difficult period of adjustment for our member clubs who play, or aspire to play, in European competitions,” said a Premier League spokesman.
Under the proposed regulation, owners will only be allowed to cover losses up to €45 million in total over the three years from 2012-13 and then €30 million over the following three seasons.
If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk
Don’t forget to subscribe to F.C. Business Magazine to keep up to date with the latest comment from the football world. Click here to subscribe
Google
Yahoo
Live
del.icio
DiggRelated Articles
Champions League Final Reaches 300m Fans
Wed 23rd May 2012 | UEFA
Chelsea’s victory in the Champions League Final over Bayern Munich reached a live global audience of 300m. The 2012 UEFA Champions League final took place in Munich, Germany, on 19 May and was...
UEFA Champions Festival breaks digital ground
Thu 17th May 2012 | UEFA
UEFA takes Champions Festival to global football fan base through first-ever multi-channel digital activity The 2012 UEFA Champions Festival is taken to a larger global audience than ever before...
Ukraine Still Killing Homeless Dogs
Mon 30th Apr 2012 | UEFA
The Ukraine has caused international outrage and condemnation over the brutal killing of dogs in preparation for EURO 2012. According to animal welfare group PETA, the call from the country’s...
ECA and UEFA Agree Club Compensation Package
Thu 22nd Mar 2012 | UEFA
A renewed Memorandum of Understanding for the period 2012-2018 was signed today between the European Club Association (ECA) and UEFA at the UEFA Congress in Istanbul, Turkey. The memorandum signed by...
