Uefa's financial warning (1 Viewer)

[Coventry La La La]

Uefa have released a thinly-veiled warning to big-spending Premier League clubs regarding financial fair play.


January saw a mammoth amount of spending, with £218,525,000 splashed out on playing talent in the Premier League alone, £134million of that on deadline day.
Monday saw a number of records broken, with Fernando Torres moving to Chelsea for £50million, a record fee for an English club, making the Spaniard the fourth most expensive player in history.

Andy Carroll also became comfortably the most expensive British player, costing Liverpool £35million in his move from Newcastle.
On Tuesday, Uefa released a statement saying they were confident that clubs across Europe had their financial affairs in order:

Balance their books

It read: "UEFA is aware of the recent transfer activity across Europe and is confident that clubs are aware of the nature of its financial fair play regulations which require them to balance their books.

"It must be noted, however, that the financial fair play rules do not prevent clubs from spending money on transfers themselves but rather require them to balance their books at the end of the season.
"It is therefore difficult to comment on any individual situation without knowing the long-term strategy of each club.

"Uefa has full confidence that the clubs are increasingly aware of the nature of the financial fair play rules, which aim to encourage clubs to balance their incomes and expenses over a period of time covering 4-6 transfer windows."

Eyes on 2012

Big spending clubs in Europe must ensure that the costly nature of bringing in players does not have an adverse affect when it comes to balancing the books, something Uefa will be keeping a keen eye on.

The statement continued: "There is no doubt that transfers made now will impact on the break-even results of the financial years ending 2012 and 2013 - the first financial years to be assessed under the break-even rule.
"The clubs know the rules and also know that UEFA is fully committed to implementing them with rigour.

"In this regard, and during the implementation of the financial fair play rules, UEFA will continue to work together with clubs in order to help them achieve this most important and commonly shared objective."

 

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[Disorganised1]

And in the end they'll fine them ~ too much money in football, and until something goes down even bigger than Leeds did they'll continue to line their pockets.

The fans count for nothing, except the cash they'll spend.

 

[BenInTurin]

I thought the whole uefa thing was aimed at the bigger clubs, if they don't balance their books then they can't play in European competitions.