UEFA's Financial Fair Play
UEFA's Executive Committee unanimously approved a financial fair play concept for the game's well-being in September 2009. The concept has also been supported by the entire football family, with its principal objectives being:
• to introduce more discipline and rationality in club football finances;
• to decrease pressure on salaries and transfer fees and limit inflationary effect;
• to encourage clubs to compete with(in) their revenues;
• to encourage long-term investments in the youth sector and infrastructure;
• to protect the long-term viability of European club football;
• to ensure clubs settle their liabilities on a timely basis.
These approved objectives reflect the view that UEFA has a duty to consider the systemic environment of European club football in which individual clubs compete, and in particular the wider inflationary impact of clubs' spending on salaries and transfer fees.
Read more at www.uefa.com
