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Started By
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Platini and UEFA talk Financial Fair Play
Posted on 9/5/12 at 10:55 am
Posted on 9/5/12 at 10:55 am
Per Gab Marcotti at ESPN
Great article, sheds quite a bit of light on financial fair play as well as the consequences of violating it.
quote:
So many have focused on exclusion from the Champions League as a punishment for violating FFP. And, sure enough, it's the ultimate sanction. Not participating in the Champions League means a huge loss of revenue and, just as important to some of the more vain owners, loss of prestige. But I think that will only come down the road, if at all. UEFA will give clubs every chance to comply. And, to be honest, if somebody insists on overspending year on year, I think there's another way it will be handled.
Q: Really? What's that?
A: Well, the next level down of punishment is fines. And I think that's the direction we're headed, mainly because it suits everyone. I could see it working a bit like the luxury tax they have in the NBA or Major League Baseball. Imagine you have losses of, say, $50 million when you're only allowed losses of $20 million. You might end up paying a fine of one dollar for every dollar that you go over the limit. So, in this case, you'd pay UEFA $30 million in luxury taxes. That money could be used in different ways. Some could go to grass-roots initiatives or UEFA-backed charities. Some of it could be distributed to other Champions League clubs. And some could go into prize money.
That way, a guy like Sheikh Mansour or Roman Abramovich could still spend as much as he likes, but there would be a major disincentive to doing so. And his spending would end benefitting other clubs.
It's just once scenario. UEFA are extremely cagey when you bring this up and insist that they're confident that everyone will meet FFP so there's no need to even contemplate this. But I don't fully buy it. As I see it, if you're going to have FFP, this is the only viable compromise.
Great article, sheds quite a bit of light on financial fair play as well as the consequences of violating it.
Posted on 9/5/12 at 11:04 am to BobLoblaw
LULZ bringing this to fruition.
The ESL (European Super League) gonna happen wiff da mega-velocity, and domestic leagues will be dead (at best, feeder leagues with a reduced amount of clubs).
ETA UEFA dead as well.
The ESL (European Super League) gonna happen wiff da mega-velocity, and domestic leagues will be dead (at best, feeder leagues with a reduced amount of clubs).
ETA UEFA dead as well.
This post was edited on 9/5/12 at 11:13 am
Posted on 9/5/12 at 11:05 am to BobLoblaw
So, as long as they are willing to pay fines, they can still over spend...
That could still be a deterrent...
If you are over and buy a player like Falcao for £45mm, you are basically paying £90mm? plus wages...
That could still be a deterrent...
If you are over and buy a player like Falcao for £45mm, you are basically paying £90mm? plus wages...
Posted on 9/5/12 at 11:12 am to BobLoblaw
Roman just saved himself $3 billion the other day. He can pay "double" for a Falcao easily.
This post was edited on 9/5/12 at 11:13 am
Posted on 9/5/12 at 11:15 am to WarSlamEagle
quote:wut?
Roman just saved himself $3 billion the other day.
Posted on 9/5/12 at 11:16 am to WarSlamEagle
quote:
Roman just saved himself $3 billion the other day
Did he give someone an offer they couldn't refuse?
Posted on 9/5/12 at 11:17 am to Dandy Lion
he won a court case with alleged damages of $3B. nothing to do with soccer
Posted on 9/5/12 at 11:23 am to SlowFlowPro
quote:
he won a court case with alleged damages of $3B. nothing to do with soccer
This.
It was actually £3B...about $4.7B. Saved him from having to cut into his Chelsea budget.
This post was edited on 9/5/12 at 11:27 am
Posted on 9/5/12 at 11:29 am to WarSlamEagle
quote:
It was actually £3B...about $4.7B. Saved him from having to cut into his Chelsea budget.
This actually dropped on deadline day. Thought that may get him to buy something, but nope.
Posted on 9/5/12 at 11:31 am to SlowFlowPro
quote:
he won a court case with alleged damages of $3B. nothing to do with soccer
Posted on 9/5/12 at 11:36 am to Bho
quote:
Thought that may get him to buy something, but nope.
me too, he's always been so frugal with his money, not to mention i dont think chelsea even bought anyone this window
Posted on 9/5/12 at 11:44 am to Tweezy
quote:
not to mention i dont think chelsea even bought anyone this window
I suck and didn't look at emoticons.
This post was edited on 9/5/12 at 11:48 am
Posted on 9/5/12 at 11:47 am to Dandy Lion
quote:
Ummm, They bought Eden Hazard, Marko Marin, Thorgan Hazard, Cesar Azpilicueta and spent the most money in the PL again.
Posted on 9/5/12 at 11:47 am to Bho
I'm assuming that was sarcasm, since he led with this statement..
But then, maybe your response was too and I didnt get it...
quote:
he's always been so frugal with his money
But then, maybe your response was too and I didnt get it...
Posted on 9/5/12 at 11:48 am to Tweezy
quote:
me too, he's always been so frugal with his money, not to mention i dont think chelsea even bought anyone this window
quote:
Bho
whoosh
Posted on 9/5/12 at 11:48 am to WarSlamEagle
Yeah I obviously didn't read the whole thing. Fail on me.
Posted on 9/5/12 at 11:50 am to TFTC
quote:
So, as long as they are willing to pay fines, they can still over spend...
That could still be a deterrent...
If you are over and buy a player like Falcao for £45mm, you are basically paying £90mm? plus wages...
Yes, that is my understanding based on the article. I actually think the MLB system would work pretty well. I'm not at all in favor of a salary cap in European soccer but to me this is a way of leveling the playing field to some degree and promoting safer financial practices in the market.
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