FIFA Vows To Monitor Qatar WC Workers FIFA World Cup Lifts German Beer Sales McDonald's To Sponsor Baku 2015 AFA Begins Process Of Replacing Grondona Windfall From TV Money Impacting EPL Football Notes Glazers To Sell 8 Million ManU Shares DGV Interested In Hosting '22 Ryder Cup Official Calls For Disbandment Of NLB ARD, ZDF Considering TdF Comeback
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/March 3, 2014/International Football
UEFA Investigates 76 Champions League, Europa League Clubs Over Financial Fair Play
Published March 3, 2014
LEGAL CHALLENGES EXPECTED: Also in London, David Conn wrote UEFA "has pledged to defend legal challenges it expects some major football clubs to make if sanctions are imposed on them for breaches of the financial fair play rules." Clubs in European competition "are required to limit their financial losses" to €45M ($62M) in total over '11-12 and '12-13 and this limit will be enforced for the first time before the beginning of next season. Clubs in breach of the rules, introduced to encourage European clubs to be more financially responsible, "face sanctions ranging from a fine to exclusion from European competition in the most serious cases" (GUARDIAN, 2/28). REUTERS' Brian Homewood wrote in April, the CFCB, "which is responsible for implementing the new rules, will announce which of those cases have been dismissed and which will be referred to its disciplinary panel for sanctions." The final decisions "will be announced in June." UEFA Legal Affairs Dir Alasdair Bell stressed that "CFCB was an independent body." Bell: "We have established an independent body and when we say its independent we mean it. This is the separation of powers, this is modern sports governance." Bell said that he expected some clubs to take their case to the Court of Arbitration for Sport "if they were sanctioned" (REUTERS, 3/2).