world-news

UEFA may face ruling on Financial Fair Play system in 2015

Washington, Jan 12 : European soccer governing body UEFA may reportedly face judgement on its Financial Fair Play (FFP) in the European courts in 2015.


UEFA introduced FFP at the start of the 2012-13 season as a way of preventing clubs from spending beyond their means and posting unsustainable yearly losses.

According to CNN, the rules give UEFA sweeping powers, including exclusion from the lucrative Champions League, to punish financially recalcitrant clubs, although an Italian football agent, who claims FFP breaches European Union competition laws, has challenged the regulations.

The report mentioned that Daniel Striani's complaint argues UEFA's 'break-even rule' restricts competition- a key principle of European Law- and will reduce the number of transfers, which could potentially lower players' salaries and by implication agents' fees.

However, UEFA is confident that it will win the case, arguing that the European Commission, the European Parliament, as well as European clubs, leagues and players' unions have all been fully supportive of FFP, the report added.

--ANI (Posted on 12-01-2014)

world-news headlines

Snowden takes up post of Glasgow University rector

South Korean ferry mishap: Death toll crosses 150

BBC's Top Gear apologises for racist remark

Klopp, Guardiola not interested in Manchester United job

Obama arrives in Japan on four-nation Asian trip

China developing Linux-based OS after Windows XP shutdown

Bangladesh building victims need help: rights group

Barcelona transfer ban on hold

Kim Jong-un sending three experts to France to learn art of making his favourite cheese

Soon, 'teardrop' shaped pedal-bike that will let you zip at 90mph!

Reddit bans usage of controversial words

Single currency notes infested with over 3,000 types of bacteria

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top