Manchester City and PSG have had their restrictions on transfer spending and Champions League squad size lifted, Uefa has announced. Manchester City and PSG were sanctioned by UEFA last year to play in Champions League with only 21 players in the squad, four fewer than usual, and spending on new signings in last summer’s transfer window was capped at £49m as punishment for breaching FFP rules. The clubs also agreed that total wages last season’s Champions League squad must not exceed that of the 2013-14 season. Both, PSG and City were also fined £16.3m a year for three years totalling £49m but only the first year’s fine has been imposed. City’s and PSG’s settlement agreement with Uefa means they still have to hit targets they agreed with the European governing body for 2016 but Uefa’s club financial control body has announced the lifting of the restrictions for both the clubs. This news will be viewed by skeptics, who have argued that Uefa will […]
UEFA has decided to lift the sanctions imposed on Paris Saint-Germain under the Financial Fair Play rule, meaning the French champions can spend more on new players after proving they will be debt-free by the end of next season, according to French newspaper L’Equipe. PSG were heavily sanctioned by European football’s governing body in May 2014 after breaching FFP rules. But UEFA’s new ruling means that the Parisians can increase the size of their Champions League squad from 21 to 25 players for next season (2015/16), L’Equipe reported. The online edition of the newspaper added that UEFA’s Financial Supervisory Instance of Clubs (ICFC) department has lifted the 60-million-euro limit that was imposed on the Qatari-owned Paris giants. PSG — who’ve won back-to-back Ligue 1 titles — were purchased by Qatar Investment Authority in 2011. They’ll now be able to recruit players unrestricted instead of being hampered by a spending ceiling. The Parc des Princes outfit have been heavily linked with […]
UEFA has eased financial fair play rules on clubs in a bid to tempt investors after a tough three-year campaign to cut sky-high debt in the European game. With Gulf state-owned Manchester City and Paris Saint Germain still feeling the pain of sanctions ordered last year, UEFA’s executive eased the rules at a meeting in Prague on Monday. They will force clubs to give extra information on ownership, but will also start new voluntary financial revival plans to allow clubs to avoid sanctions and to spend on players if they have a “plausible and conservative” business plan. The new UEFA rules are clearly intended to attract investors and Europe’s top clubs welcomed the move. “The financial fair play rules are a very important tool for clubs to control their economic situation,” said European Clubs Association president Karl-Heinz Rummenigge of Bayern Munich. “Therefore, ECA calls on clubs to keep on supporting the financial fair play system and to work within the […]
A court in Brussels has suspended European football governing body UEFA’s plans to continue it’s imposition of financial fair play (FFP) measures, the two sides revealed Tuesday. The Court of first instance in Brussels upheld a claim by various parties to suspend UEFA’s plan to reduce the allowable deficit for teams taking part in its competitions from 45 million euros ($50.3 million) to 30 million euros. Supporters groups from Manchester City and Paris Saint-German, two sides hit by FFP regulations last season, were amongst the plaintiffs. The Belgian court has referred the case to the European Court of Justice. “The Brussels Court has declared itself incompetent to hear this case on the merits,” said UEFA in a statement. “UEFA considers it strange that a national court having no competence to hear a dispute on the merits would, at the same time, refer a question to the European Court of Justice or make a provisional order. “In any event, UEFA remains […]
Russian club Dynamo Moscow have been banned from participating in next season’s Europa League for breaking UEFA’s Financial Fair Play rules. UEFA confirmed the punishment on Friday due to losses made by Dynamo in each of the last three years. The capital club reached the last 16 of the Europa League in the campaign just ended before losing to Napoli, and their fourth-place finish in the Russian Premier League saw them qualify for the competition again next season. Dynamo bosses said they expected such a verdict but were upset with the European football ruling body’s decision. “We’ll live without European football next season,” the R-Sport news agency quoted Dynamo deputy president Gennady Soloviev as saying. “It’s a serious blow for our club’s image.” “We expected this but were hoping to escape such a rigorous punishment. Dynamo will not appeal because it’s useless.” Press reports claim that Rubin Kazan, who finished the season in fifth place, will replace Dynamo in the […]
UEFA might ease the existing rules of FFP as suggested by Michel Platini
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Money is a factor that is turning out to be important in shaping our footballing world. THT's guest author, Andrew Hewitt, sheds some light on the issue.