Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Premier League boss has no fears over 'Financial Fair Play' rules

Tue 18th Jan 2011 | Money & Finance

Premier League chief executive Richard Scudamore does not believe any English clubs will be banned from European competition for breaking UEFA's new financial rules.

However, he has likened the Financial Fair Play Initiative to a "soft salary cap" which will see clubs start to tighten their belts.

UEFA's new rules are being introduced in a bid to ensure clubs do not spend more money than they earn. They will be introduced gradually, but in extreme cases teams could be banned from the Champions League and Europa League from 2014.

There are concerns English clubs will be hit hard, particularly those backed by free-spending billionaires such as Manchester City and Chelsea.

However, Scudamore told BBC Sport: "I don't see any circumstances where any of our clubs could get near to exclusion.

"UEFA is too sensible, and it's not in its interests to do so. It's more about taking the steam out of the system and acting as a speed bump rather than about barring clubs."

Scudamore insists the Premier League are backing the measures.

He said: "In general we're supportive. It's very hard not to be. Break-even as a concept has got to be good in business.

"Manchester City are starting to plan and are disposing of some of their assets this transfer window. They're a very well-run club, they know what they have to do and I'm sure they'll do it."

With the vast majority of clubs' outlay being spent on wages, Scudamore said: "It is a 'soft' salary cap in effect.

"By far the largest expense is in this area, so by definition it will have an impact on wages and squad sizes and that's great.

"No one in football is proud of the kind of wage inflation we've experienced, but equally we mustn't do anything that dampens the international appeal of our league."

RETURN TO LATEST NEWS SECTION

 

SUBSCRIBE TO THE F.C. BUSINESS RSS FEED

 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

 

 

 

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Watford FC: An Unlikely Financial Success Story?

Wed 26th Apr 2017 | Money & Finance

The business model carried out by the owners of Watford FC is unlikely to be adopted by too many sectors outside of football, but by hiring and firing a conveyor belt of managers, they have managed to...

Newcastle United & West Ham Face Tax Investigation

Wed 26th Apr 2017 | Money & Finance

Newcastle United and West Ham United have been targeted by HMRC for alleged Tax and National Insurance fraud. Officers are understood to have raided the offices at St James’s Park and the London...

Premier League Revenues Grow But Losses Return

Thu 20th Apr 2017 | Money & Finance

Premier League clubs’ revenues increased to a new record of £3.6bn in 2015/16, according to Deloitte, the business advisory firm. Analysis of the financial results of Premier League clubs...

7 Tips From The Best Online Football Merchandise Stores

Thu 13th Apr 2017 | Money & Finance

CEO, Lewis Holland and the team at DiscountIF team have been studying various merchandise stores of football clubs in the UK. This article was originally posted here. We’ve compiled a short list...