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Financial Fair Play - developments in here

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No666:
Some harrumphs coming from Platini's bum about implementation, and various articles/statements implying it will be enforced and it is having an effect already. Annoyingly, Chelsea seem to have got their CL win at just the right time, so I assume they are immune.

http://football.uk.reuters.com/leagues/champleague/news/2012/08/31/2E1AF0F4-F37D-11E1-86D3-DB248033923B.php

Transfers slow as clubs react to new financial rules
By Mike Collett
15:54 BST, Fri 31 Aug 2012
MONACO (Reuters) - Transfers between European clubs are slowing down as UEFA's new rules aimed at preventing them spending beyond their means begin to have an impact, UEFA's general secretary Gianni Infantino said on Friday.
CHAMPIONS AND EUROPA LEAGUE

However, he warned that while the situation was improving, the accumulated losses in Europe were still too high.
With just hours remaining before the latest transfer window closed on Friday night, UEFA president Michel Platini insisted that European soccer's governing body would "never back down" on its decision to enforce sanctions against clubs who fail to break even and live within their means.
Speaking ahead of the Super Cup final between European champions Chelsea and Europa League winners Atletico Madrid in Monaco, Infantino said revenues may have gone up but for the first time in five years the percentage between revenues and losses was decreasing.
"The trend is starting to turn... there is a significant slowdown in transfer activity," he said.
"The new Club Financial Control Body monitoring this activity reports that the new Financial Fair Play Rules are having a clear and positive affect already.
"The financial losses are stabilised but still at dangerous levels."
Infantino revealed that last January's transfer window was quieter than in 2011 with a 36 percent decrease in spending and the comparison between January 2012 and the January average for the previous four seasons showed that activity was 20 percent lower.
Russia, Germany, France and Turkey were the only notable exceptions among the major countries, while spending this summer - excluding the final day on Friday when many deals are often done - was 22 per cent less than the seasonal average.
Infantino said that as at August 30, 1.753 billion euros ($2.19 billion) had been spent on players, lower than the summer transfer annual average of 2.249 billion.
He added that taken together, the winter and summer transfer spend is 2.146 billion euros, 78 percent of the 2008-2011 average.
"This is encouraging even though there are still some "red" figures where the transfer spend has been higher, but we are at last beginning to move in the right direction."
UEFA has backed the rules with leading political and financial experts now sitting on the control body board, which was established to monitor the situation.
Former Belgian Prime Minister Jean-Luc Dehaene chairs the investigatory chamber, while Jose Narciso da Cunha Rodrigues of Portugal, a senior judge at the European Court of Justice, chairs the adjudicatory chamber from October.
Infantino also said UEFA was investigating 27 unnamed European clubs for non-payment of either transfer fees or salaries and that their prize money had been suspended.
But he added that in recent months 36 million euros of overdue fees had been paid by clubs - but only after UEFA exerted some pressure.
"These are not just words, it's a clear signal that the clubs are afraid," Infantino said. "They know the rules are there and that sanctions can be taken - so they pay."
The new fair play rules take full effect in 2014, and Platini remains determined to "revolutionise European football" to stop clubs continually getting into serious financial trouble.
"We are never going to go back on this," Platini said.
"There was a provisional period of three or four years for the system to get set up. This period is reaching its end. We are determined to see this through."
(Editing by Tom Bartlett)

I notice, too, that Gill is backing the LFC call for FFP in the Premier League.

DutchRed:
It's unusual to say, but we should side with Manchester United and, to perhaps a lesser extent, Arsenal, to get FFP enforced as soon as possible. Liverpool, Arsenal and Manchester United are three teams with a huge budget without rich owners. If FFP comes to power it will see Manchester City and Chelsea unable to maintain their unfair advantage.

mccred:
If they do this right, it can only be good for the game because its reached a point where some of the spending is obscene and will help level the playing field a bit. Success should breed success and not just be bought.
Have they even said what the sanctions will be on clubs that just ignore the rules?
I think I saw a chart on players wages and clubs income from a year or two ago and Man City's was 120% of there income, think ours was somewhere around 70% iirc? Can't see City's will have gone down, probably gone up if it was before last seasons transfers.

No666:
These are the Gill quotes.


Premier League needs financial fair play rules now, says Manchester United chief executive David Gill

FAIR PLAY: Gill wants rules in now
Posted Friday, August 31, 2012 - 11:12
By Mancunian Matters staff

Manchester United chief executive David Gill believes the time is right for the Premier League to adopt financial fair play rules.

The rules, which UEFA will introduce into European competition in 2014, are designed to ensure clubs break even.

The changes are being implemented by the Football League, but Gill believes top-flight clubs need to lead by example and bring in the rules.

He said: "There's a real opportunity to introduce some sensible rules that effectively improve and enhance the long-term or medium-term financial stability.

“The Premier League, being the best league in the world – the most commercially effective league in the world – is having discussions now as to what, if any, additional financial regulations we should bring in.

"A lot of clubs would be happy just to introduce the financial fair play regulations into the Premier League now – some wouldn’t* – but that's a debate that has to have happened.

"And it will happen. If you look at it we've got financial regulations in the league below us, the Championship, and the competition above us, the Champions League, so we need to do it.”

*guess the clubs, eh?

Zeb:
Scudamore was in Parliament a few weeks back to answer some follow-up questions. He said that there would be a Premier League study into aspects of financial fair play beginning in the late autumn and would be due to report in late spring. The context of that was around how clubs would be spending the increased tv money and whether it would vanish into increased wages.

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