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SBD Global/November 15, 2012/Finance
ManU Backs Financial Fair Play Plans Hoping To Improve EPL Clubs' Finances
Published November 15, 2012
ManU is backing plans for the Premier League to adopt its own version of UEFA’s Financial Fair Play regulations to "improve the finances of English football’s top-tier clubs," according to Roger Blitz of the FINANCIAL TIMES. The regulations, which require clubs to live within their means, "apply only to clubs that qualify for UEFA’s competitions" -- the Champions League and the Europa League. EPL clubs will "renew discussions" Thursday on options to introduce cost controls across all 20 clubs, and ManU has said that it will "back calls for UEFA’s measures to be adopted by the league." ManU Exec Vice Chair Ed Woodward said, “We are supportive of proposals broadly mirroring Financial Fair Play which we abide by already, and those discussions have developed.” Woodward said there were “a number of parameters being discussed, one of which is break even” (FINANCIAL TIMES, 11/14).
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