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Home » Sport » Football

UEFA: Overspend and face the music

UEFA intend to clamp down on clubs who do not keep to the financial fair play regulations.

According to reports in the Guardian, football's administrators were shocked at Chelsea's extravagent €58.5 million purchase of Fernando Torres during the deadline day of the January transfer window, in spite of their losses of €83m during the 2009-10 campaign.

Further reports from a UEFA source described the purchase price of Torres as "a worrying sign", especially with the administrators under the impression that Chelsea owner Roman Abramovich was a supporter of the new regulations, which would seek to limit club's financial losses to €45m over a three-year timeframe that starts this season.

UEFA president Michel Platini was not impressed, saying "It will be time for them to face the music if there is a club that doesn't fall in line".

Clubs that fail to comply with the financial fair-play regulations could face sanctions, the most serious being a ban from competition in Europe.

 

 

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