Academic journal article The International Sports Law Journal

UEFA Financial Fair Play Rules Should Be Implemented without Delay

Academic journal article The International Sports Law Journal

UEFA Financial Fair Play Rules Should Be Implemented without Delay

Article excerpt

According to UEFA, the European Governing Body of Football, half of the leading professional football clubs in Europe are living beyond their means and are on the edge of administration. One of them, Portsmouth FC in the English Premier League, has recently gone into administration - the first club in this prestigious and generally regarded as the most lucrative League in the world - to do so!

Other clubs are saddled with considerable debts, like Manchester United - a staggering [pounds sterling]716.5 million! The financial situation in foot-ball is far from rosy and to try to restore some financial stability into the 'beautiful game', UEFA has faced up to the problem, for which 'chapeau' as the French say, and is introducing some so-called 'financial fair play' rules.

Under these rules, which are currently being formulated and are expected to be approved and issued in the Summer, football clubs that do not balance their books and break even - over a three year period

- will be subject to financial and sporting penalties - in particular, will be banned from participating the major European club competitions

- the Champions' and the Europa Leagues.

Meeting in General Assembly in Manchester on 2 March, 2010, the ECA (European Club Association - 93 clubs from 53 countries) - the replacement of the G-14 and within two years of its establishment proving to be an equally formidable force in European football - has persuaded UEFA to delay the implementation of the new rules, which were due to come into force during the 2012-2013 season, for five years to 2015. …

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