Shanked
U been Shanked
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Game over for football’s sugar daddies
Matt ****inson, Chief Sports Correspondent 37 Comments
Recommend? (6) English football’s super-rich owners, including Roman Abramovich and Sheikh Mansour, face drastic curbs on their influence under Uefa proposals.
The extent of the crackdown on “financial doping”, championed by Michel Platini, the Uefa president, is laid bare in a 60-page document seen by The Times. In it, Uefa sets out its detailed plans to force clubs towards break-even, allowing them to spend only what they earn.
Owners would be allowed to inject cash to cover losses for a transitional period, but the amounts will be restricted and closely monitored.
Over the initial three-year period of regulation up to and including 2015, owners would be allowed to cover losses totalling "45 million (about £40 million). The “acceptable deviation” from break-even would then fall to £30 million over three years and then less, with the amount to be determined.
In other words, an owner such as Sheikh Mansour would eventually be permitted to put less than ¤10 million a year into Manchester City on average, unless the money is spent on infrastructure or the youth team, which have no limits on investment. That compares with City’s most recent loss of £89.69 million.
While Platini has talked for months about introducing “financial fair play”, the working draft has brought those proposals into sharp focus.
The European Club Association continues to haggle with Uefa for concessions. It is arguing for a five-year accounting period, rather than three, and for owners to be allowed to invest extra funds through equity rather than debt.
Platini is determined to bring in regulations that will mark a watershed in the English game.
While the proposals will be phased in over several years, many clubs will have to make significant changes — drastic in the cases of Chelsea and City — if they are not to fall foul of the new regulations and face a possible ban from European competition
:roflol: god i hope it happens
Matt ****inson, Chief Sports Correspondent 37 Comments
Recommend? (6) English football’s super-rich owners, including Roman Abramovich and Sheikh Mansour, face drastic curbs on their influence under Uefa proposals.
The extent of the crackdown on “financial doping”, championed by Michel Platini, the Uefa president, is laid bare in a 60-page document seen by The Times. In it, Uefa sets out its detailed plans to force clubs towards break-even, allowing them to spend only what they earn.
Owners would be allowed to inject cash to cover losses for a transitional period, but the amounts will be restricted and closely monitored.
Over the initial three-year period of regulation up to and including 2015, owners would be allowed to cover losses totalling "45 million (about £40 million). The “acceptable deviation” from break-even would then fall to £30 million over three years and then less, with the amount to be determined.
In other words, an owner such as Sheikh Mansour would eventually be permitted to put less than ¤10 million a year into Manchester City on average, unless the money is spent on infrastructure or the youth team, which have no limits on investment. That compares with City’s most recent loss of £89.69 million.
While Platini has talked for months about introducing “financial fair play”, the working draft has brought those proposals into sharp focus.
The European Club Association continues to haggle with Uefa for concessions. It is arguing for a five-year accounting period, rather than three, and for owners to be allowed to invest extra funds through equity rather than debt.
Platini is determined to bring in regulations that will mark a watershed in the English game.
While the proposals will be phased in over several years, many clubs will have to make significant changes — drastic in the cases of Chelsea and City — if they are not to fall foul of the new regulations and face a possible ban from European competition
:roflol: god i hope it happens
