French League Approves Finance Model Gladbach Expects Revenue Of $129M La Liga Valencia Takeover Talks Stall Rangers Fans Refuse To Hand Over Cash Study Shows Cost Of Sports TV Packages Azerbaijan Seeking Int'l Agency Partner Finance Notes Ryder Cup Unveils Ticket Checker Lotus F1 Team Cuts Losses To $9.8M Spanish Clubs Warned Over State Aid
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/May 7, 2013/Finance
UEFA's Financial Fair Play Rules Threatened By Belgian Agent Daniel Striani
Published May 7, 2013
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
EXPECTING REJECTION: CNN's John Sinnott reported UEFA expects the commission "to reject the complaint given the support it has received from a number of European bodies as well as clubs" ahead of the introduction of the new regulations. UEFA said in a statement, "The European Commission, the European Parliament, the European clubs, leagues and players' union have all been fully supportive of FFP and have on many occasions commented positively on this UEFA initiative" (CNN, 5/6). REUTERS' Philip Blenkinsop reported Dupont added that "the rule restricts investment, ensures the continued dominance of the leading clubs, reduces transfer activity and is likely to lead to a cut in player wages and the income of agents." The European Commission confirmed it had received a complaint, but "declined to comment further" (REUTERS, 5/6).