Cuts Threatened As Participation Drops U.K. Pundits Face $6.8M Tax Bill Player Agent To Split From Impact BBC Pays $308M To Keep MOTD Until '19 Shortlisted Designs For Bristol Arena Russia To Cut Budget For 2018 World Cup Pay-TV To Be Considered For Six Nations Eurosport Nets Grass Court Tennis Rights Silverstone's $150 Ticket Offer Sells Out Tuna Tycoon Nets Sheffield Wednesday
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/October 11, 2013/Events and Attractions
Leaders In Sport: Chelsea's Buck Says Stability A Key Ingredient To Success
Published October 11, 2013
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
PAYING THE BILLS: Buck also hit out at the Financial Fair Play rules. UEFA has introduced financial controls forcing clubs to break even or face stiff sanctions such as a ban from competing in Europe. The Premier League is also bringing in regulations to prohibit excessive spending. Buck said, “Football has a problem and that is there are some clubs who spend money they do not have, in terms of taxes not being paid and clubs going into bankruptcy. We felt that football should do something from a rule-making perspective, but our approach really was financial stabilization, in other words rules which would require clubs to pay their taxes and would not permit them to spend money they did not have." The problem with FFP, Buck says, is it "goes a long way to preserving the status quo." Buck: "One of the great things about football in this country is that if you are in last place in League Two, you can still hope that someday you will win the Premier League. I think that is difficult if not impossible due to Financial Fair Play."
John Reynolds is a writer in London.