UEFA may face ruling on Financial Fair Play system in 2015
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.
More from India
More from World
More from Sports
More from Entertaiment
- Should army take strict action against stone pelters of J&K?
- Etawah: UP cops caught drunk while on duty
- CBI confirms Delhi health minister Satyendra Jain's indulgence in Hawala business
- Triple Talaq: Why AIMPLB are opposing the petitions filed in Supreme Court?
- DNA: Reason behind electricity crisis in India despite being power surplus nation
- The Kapil Sharma Show: No Sunday episode this weekend? Here’s why
- Kapil Sharma–Sunil Grover fallout: Kiku Sharda finally breaks silence
- Chinese national insults Indian flag, throws it in dustbin outside Noida Oppo office; massive protest takes place
- Left to die on road, pregnant Lucknow woman writes to PM Narendra Modi to end 'triple talaq', says 'I voted for BJP'
- Reliance Jio closes in on 50 million paid users