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
- Dr Subhash Chandra Show: How to expand your existing business
- Entire Indian force can't defend Kashmir from terrorists, says Farooq Abdullah
- Prashant Bhushan questions Arvind Kejriwal on Lokpal through press conference
- UP: DM B Chandrakala participates in anti-riots drill in Bulandshahr
- PM Modi addresses the nation during Maan Ki baat
- Women fit only to deliver children, gender equality un-islamic: Kerala Muslim leader
- Sheena Bora murder: Why did Indrani send servant to Kolkata to get illegal drugs?
- Russian MP dies while ‘having sex’ inside car - Read
- Modi govt 'promoting Brahmanism' in the name of 'Hindu Rashtravad': Arundhati Roy
- Ban on Salman Rushdie's 'The Satanic Verses' by Rajiv Gandhi govt was a mistake: P Chidambaram