Tough new guidelines from UEFA will make clubs operate within their means from the beginning of the 2012/13 season. The move is set to bring more discipline to club finances as well as take the pressure off player’s wages and transfers fees. Clubs will have to compete in their revenue. UEFA believes it will encourage investment in infrastructure, sport facilities and youth academies. Additionally, it believes it can help the clubs to sustain themselves in the long run and settle their liabilities in the good time.
The break even clause is actually a new departure for i99Win whereby the clubs will be monitored for three years. They is definitely not able to spend more compared to what they earn from revenue give or take 5 million. They can spend what they like on their own stadiums, training facilities, youth academy and their communities.
The large investments of billionaire owners will likely be severely cut though. Within the 3 seasons they are only able to put in 45 million euro on the break even point out help pay wages and transfer fees. This means that when the clubs owners want to go and get their way into the Champions League they can’t. Sounds good in principle to stop the big clubs splashing the bucks it also stops the lesser clubs like Fulham that have a mega rich owner. They won’t have the ability to spend anymore of Al Fayeds money over the 45 million euro, the identical amount as Mr Abramovich down the road at Chelsea. So suddenly it’s not too fair anymore as Fulham wouldn’t have a similar revenue stream as Chelsea or the means of increasing it either.
Right now most of the Premier league clubs are alright. But Aston Villa, Chelsea, Man City and Liverpool would really set alarm bells ringing at UEFA using the huge losses they may be incurring. It appears the huge debts some of the big clubs are holding won’t be taken into consideration right now. The program will only be used as monitoring tool for your moment and clubs won’t be banned from UEFA competitions. They might first be warned and set under review before been banned.
Another part of the clause states that clubs will struggle to owe money to rivals, players, staff or tax authorities after the season. They’re looking to avoid what actually transpired at Portsmouth who went into administration owing millions in transfer fees, tax and VAT to name a few. I think I read somewhere yesterday that they had accessible to pay their creditors 20% of the items they owed them. A recent nxhila on European clubs claimed that 50% of them where building a loss and that 20% where in serious financial danger.
In other World Cup Spread Betting football news. Michael Essien has did not recover from injury and it has been omitted from Ghana’s squad. Javier Hernandez can become a male Utd player on 1st July after receiving a work permit and World Cup hosts South Africa beat Colombia 2-1 in a friendly on the Soccer City stadium.
And finally, while South Africa were beating Colombia, the Colombians were having their hotel rooms inspected by two of the workers who relieved them of their money. These were later arrested. Hope security is ramped up just a little bit throughout the next couple of weeks. Bonjour. This can be a site giving news associated with World Cup 2020 in South Africa containing news and views on everything football.