Business Standard

Monday, December 23, 2024 | 05:15 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

UEFA may face ruling on Financial Fair Play system in 2015

Image

ANI Washington

European soccer governing body UEFA may reportedly face judgement on its Financial Fair Play (FFP) in the European courts in 2015.

UEFA introduced FFP at the start of the 2012-13 season as a way of preventing clubs from spending beyond their means and posting unsustainable yearly losses.

According to CNN, the rules give UEFA sweeping powers, including exclusion from the lucrative Champions League, to punish financially recalcitrant clubs, although an Italian football agent, who claims FFP breaches European Union competition laws, has challenged the regulations.

The report mentioned that Daniel Striani's complaint argues UEFA's 'break-even rule' restricts competition- a key principle of European Law- and will reduce the number of transfers, which could potentially lower players' salaries and by implication agents' fees.

 

However, UEFA is confident that it will win the case, arguing that the European Commission, the European Parliament, as well as European clubs, leagues and players' unions have all been fully supportive of FFP, the report added.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 12 2014 | 3:22 PM IST

Explore News