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UEFA helps European clubs avoid financial pitfalls

UEFA helps European clubs avoid financial pitfalls

UEFA has been helping European clubs avoid the same fate as Portsmouth and Mallorca whose financial troubles cost them millions in potential revenue after being excluded from this season's Europa League.
Europe's 53 football associations on Friday completed a workshop on managing a license system that demands clubs are sufficiently well run to enter UEFA's club competitions.
Portsmouth and Mallorca were among five clubs who qualified for the Europa League but were kicked out after seeking bankruptcy protection.
UEFA is making entry to the Champions League and Europa League tougher with financial fair play rules to control clubs' spending.
UEFA licensing director Andrea Traverso says associations must teach their clubs the rules.


Updated : 2021-04-19 19:27 GMT+08:00