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UEFA’s requirement for football clubs to balance their books. The rules also specify that clubs keep up-to-date with their taxes, their transfer fees and pay player wages on time.
Transfer spending by Premier League clubs this summer has now broken through the £500m barrier. With four weeks to go in the transfer window, analysts think that the remaining £335.4m needed to break last year’s record will be spent.
However, net spend could well be down as clubs seek to stay within financial fair play rules. There could be quite a lot of churn in the composition of squads.
It looks as if most Bristol City fans will stay away from their first game back in the Championship after it was revealed that getting into Hillsborough would cost them £39. The cost of travel from Bristol will not be small and when you add in food the total cost could start to approach £100.
Sports lawyer Daniel Geey takes a look at Uefa’s revised financial fair play rules. He concludes that there has been a relaxation, but there are also stringent conditions. Clubs must be careful how they splash the cash if they don’t want to find themselves in trouble.
Manchester City have had the penalties imposed on them for breach of Uefa’s financial fair play rules lifted. They have been subject to limits on transfer spending and Champions League squad size. Paris Saint-Germain have also had their sanctions removed.
City were also fined £49m spread over three years, but only the first £16.3m has had to be paid,
Petr Cech’s move to Arsenal has been portrayed as something of a psychological blow for Chelsea, a shift in the centre of gravity of London football across the capital from west to north. However, this article reckons that the deal makes good financial sense – for Arsenal as well as for Chelsea.
The Euroean Union’s Court of First Instance has struck a blow at Uefa’s financial fair play (FFP) rules, reinforcing the widely held belief that the rules lack a strong legal foundation.
Everything has gone quiet for some time now on the prospect of QPR receiving a massive fine for breaching financial fair play (FFP) regulations. This suggests that negotiations are going on behind the scenes in the search for an acceptable compromise.
QPR have made it clear for some time that they would be willing to mount a legal challenge to a substantial fine. We have argued for some time that the FFP regulations would probably not stand up to scrutiny in the courts, particularly in terms of competition law.
Arsene Wenger thinks that the reason that Uefa’s financial fair play rules have been relaxed is in response to the Premier League’s new television deal. As a consequence, European clubs want more headroom to invest in players.
Michel Platini has announced plans to relax some aspects of the financial fair play (FFP) regulations with the aim of stimulating competition and growth. The rules have been criticised for making it harder for new entrants to breach the elite cartel of top European clubs.
Queens Park Rangers have challenged the legality of the Football League’s financial fair play (FFP) rules. With the Football League they have issued a joint statement to confirm that legal proceedings are under way, but shielded from the glare of publicity in the courts.