Football Finance News | Football Leagues/ Association and Governance
Three-quarters of English Premier League teams could fall foul of UEFA's new financial fair play rules, it has been reported.
Michel Platini, president of European football's governing body, has voiced strong opposition to clubs bankrolled by wealthy individuals - such as Chelsea owner Roman Abramovich and Manchester City's Sheikh Mansour - and new criteria will be introduced from 2012-13.
An English Premier League spokesman told the Guardian most of the new rules are "common sense", but warned: "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."
Benefactors will still be allowed to invest in football clubs, but will have to do so in the form of permanent shares rather than repayable loans, to avoid tycoons spending large amounts of money and then demanding it is paid back.
Earlier this month, Platini told the Times he wants to see additional referees introduced in domestic competitions.
Written by Terry Mitchell
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21 October 2010
21 October 2010
21 October 2010
20 October 2010
20 October 2010
