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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
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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.