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SBD Global/September 3, 2013/International Football
UEFA President Michel Platini Warns European Clubs To Heed FFP Or Meet In Court
Published September 3, 2013
EVENING THE PLAYING FIELD: INSIDE WORLD FOOTBALL's Andrew Warshaw wrote "overall losses among the 237 clubs participating in UEFA competitions fell" from €1.7B in '11 to €1.1B last year -- a 36% reduction. By the same token, the amount of money clubs owe to other clubs -- known as overdue payables -- "has also fallen considerably while for the first time since FFP was conceived, revenues have increased at a faster pace than wages." UEFA General Secretary Gianni Infantino said, "Clubs are clearly getting the message because something is happening. Wage growth has been eclipsed by revenues for the first time. This is concrete proof financial fair play is working" (INSIDE WORLD FOOTBALL, 8/30).