UEFA wants football to be more even … or so they say. Photo: LAURENT GILLIERON / EFE
Since European football was filled with investment funds from the Middle East, Russian tycoons, Chinese corporations with unlimited resources , etc, etc … the UEFA had To resort to some legal recourse to avoid exorbitant inflation in all the leagues of the old continent and then, created the Financial Fair Play.
This term, now so famous, was coined in the 2010 and consists of a series of financial rules that allow UEFA to have knowledge of the income and expenses of each club , thus preventing billionaire owners or corporations who are behind some teams, from putting their own capital to pay the players as already happened in the middle of the decade of the 2000 how The oil magnate Roman Abramóvich acquired Chelsea.
# FCB 🔵🔴
🧐 City would be studying the way to sign Messi
💰 The financial ‘fair play’ is the main obstacle to overcome for those of Manchester https://t.co/RbSjgUzbMP
– SPORT Daily (@sport) August 06, 2020
It’s easy: the club must generate enough earnings to be able to pay its squad , they can even spend up to $ 5.5 million if fully covered by a contribution / payment for part of club owner or related person.
Sure, the most popular teams in the world generate much more profit and in So your Financial Fair Play is more “healthy” to put it in some way and have greater room to maneuver to pay outstanding salaries , such as case of Leo Messi or Cristiano Ronaldo , assets that charge a lot but which is also thanks to them that the profits of their clubs are much higher.
Imagine it for a moment. pic.twitter.com/dq6bTHAc2j
– Sphera Sports (@SpheraSports) January 5, 2021
It is a controversial measure, but UEFA maintains that there are important differences between capacities financial institutions of each country and each league that does not regulate Financial Fair Play and even admits that the goal is not to make all clubs are similar in size and assets, but rather invest seeking success in the medium and long term and not an immediate solution with emergency signings at high prices that generate inflation throughout the world of football.