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UEFA sets rules to curb football clubs' spending

UEFA sets rules to curb football clubs' spending

UEFA has passed rules designed to curb European clubs' excessive spending, and end an era of so-called "financial doping."
UEFA's ruling executive agreed on Thursday to set limits on wealthy club owners subsidizing losses incurred by paying high transfer fees and salaries.
Owners will be allowed to cover losses of up to a maximum of (EURO)45 million ($55 million) over an initial three-year spell, starting in 2012.
UEFA wants clubs to break even by spending only what they earn from football-related income.
Clubs which fail to balance their books can be barred from playing in the Champions League _ the world's most lucrative club football competition.
UEFA said sanctions are possible for the 2014-15 season.
It will publish detailed rules next month.


Updated : 2021-07-24 23:29 GMT+08:00