Man City Look To Boost Women's Team FA Chief: Match-Fixing No Issue In U.K. Rangers Investor Increases Voting Rights AIFF Wants Natural Turf For U17 Cup FFA Undecided On Farewell Game Host BCB: Political Violence Threatens T20 Hong Kong Open To Move To October Formula E Pulls Plug On Hong Kong Race FFA Dreams Of All-Sydney Grand Final Rooney Joins Samsung Galaxy Campaign
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
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
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.