Newspaper article The Evening Standard (London, England)

Financial Fair Play Is Working Well and Is Here to Stay, Insists Platini

Newspaper article The Evening Standard (London, England)

Financial Fair Play Is Working Well and Is Here to Stay, Insists Platini

Article excerpt

Byline: James Olley Chief Football Correspondent

UEFA president Michel Platini today insisted that Financial Fair Play is here to stay and claimed any changes to the rules will offer "more opportunities for sustainable growth".

Arsenal manager Arsene Wenger is among those to have consistently questioned the impact of FFP and believes Platini's plan to ease the regulations was merely a move designed to appease European clubs unhappy at the monetary power of the Premier League. FFP rules dictate that clubs are required to spend within their means and limit losses in a bid to avoid rich owners bankrolling their team to success. Manchester City and Paris St Germain were fined and had their Champions League squads reduced for this season after violating FFP rules.

And despite ongoing talks between UEFA and leading clubs as to how the rules will change for the second three-year cycle of FFP, beginning next season, Platini said: "Financial Fair Play is here to stay. Over the past three years, the Club Financial Control Body has learned substantially from the process, and now the proposed changes to the regulations will build on the successes achieved whilst adapting to changed, and improved, economic circumstances.

"The overall objective remains the same: to provide a regulatory environment which supports clubs in creating sustainable growth for the long term, while maintaining financial stability.

"It is entirely normal for regulations to be updated. In fact, it would be abnormal if regulations never changed! Updates and adaptations are part of the regular life cycle of European football regulations. These regulations came into being in 2010 and were already updated in 2012."

It is as yet unclear exactly how the regulations will be relaxed, although the softening of sanctions for teams found to be breaching FFP is an obvious place to start, but in any event Platini insists UEFA's approach has not changed. …

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