Today, UEFA warned football clubs of sanctions they will face if they do not respect the Financial Fair Play that will be kicked off for the 2013-2014 season. I’d like to have your views as to whether the FFP is viable. Will it ever work? Is it doomed to fail or succeed? But here is what UEFA said:
Sides could be hit with fines or excluded from European competition outright, as well all being prohibited from fielding new players, suffering points deduction or limits on squad sizes.
“The system is not going to have much credibility if a big club that is in serious breach of the rules is not punished in an effective way. For me the sanctions need to be effective enough that people come into compliance with the system otherwise clubs are going to become disillusioned rapidly”.
The announcement is a self-entitled “last wake-up call” and come as it was revealed that the losses of the continent’s top sides rose by 36% to 1.64 billion euro ($2.2 billion) in the 2010 financial year.
UEFA general secretary Gianni Infantino said 13 clubs currently playing in European competition , either the Champions League or the Europa League, would have failed the break-even tests required from the 2013-14 season.
“It’s the last wake-up call that this red trend has to be inverted very, very quickly if we want to safeguard European soccer”.
UEFA’s financial fair play rules will come to fruition in the 2013-14 season but this analysis will include clubs’ accounts for the previous three years, including with the current 2011-12 financial year.
The stipulation is that all clubs competing in European competition will be permitted to lose only 45 million euros over these three years.
UEFA’s fourth club licensing benchmark report revealed on Wednesday this week explored the fiscal health of the European game in some depth.
It included the financial figures of 90% of all top-division sides – 665 clubs in total – and revealed that 56% of clubs are making a loss with total debts of 8.4 billion euros ($11 billion). While revenues rose 6.6% to reach a record 12.8 billion euros ($16.8 billion); costs rocketed in turn by 1 billion euros ($1.3 billion) to 14.4 billion euros ($18.9 billion).
- Can we honnestly think that clubs with huge debts could be sanctioned?
- Which league will suffer and which one will benefit the most?
- Huge upcoming success or failure?
Share your thoughts!