Buckingham Bingo Didsbury Sport everywhere ,all about sports,football <meta content='tennis, us open, australian open, wimbledon, wimbeldon, roland garros, rolan garos, roland garos ,Caroloine Wozniacki , tennis 2099, tennis tours, tennis tournments, a tennis, about tennis, andrea agassi,agassi, all tennis, and tennis, andre agassi, andy roddick, atp tennis , atp tour, australian open, australian open tennis, best tennis, best tennis player, champions , davis cup, de tennis , defeated tennis player, doubles, download tennis, download tennis 2008, download tennis 2009, dream tennis dubai tennisو championshipsegyptو tennisespn و tennisfantasyو tennisfedererو finals for tennisو trophy و french openو frensh open, tennis generation , tennis grand slam , grand slam tennis , grand slam tenni game , head tennishewitthot tennisin tennisindian wells tennislatest tennisle tennislearn tennis maria sharapova, masters, tennis match,australia, tennis history matches, mens tennis, mini tennis, cricket, of tennis, on tennis, open tennis, open tennis, open tennis 2009, open tennis 2010, pete sampras, power tennis, prince tennis, qatar tennis, racket, racquet,rafael nadal, tennis, real tennis, roddick, roger federer, roland garros, rolan garros,rolan garos, tennis russian, tennis sega, superstars, tennis serena williams, serve sharapova, singles, sony ericsson tour, tennis sports, tennis star, tennis street, tennis super star, tennis super, tennis super stars, tennis tenni,tenis, tennis .pdf, tennis 09, tennis 1, tennis 2, download tennis, tennis 2002, tennis 2003, tennis 2005, tennis 2006, tennis 2007, tennis 2008, tennis 2009, tennis 2010 torrent, tennis 3 tennis atp, tennis australian, open tennis, ball tennis champion,schumacher michael,michael schumacher, tennis championsm, tennis champions, tennis championshipstennis, championships 2009 tennis , channel tennis court, tennis equipment, tennis flash, tennis forum, tennis forums, tennis froum, tennis full, tennis girl, tennis grip, tennis ground, tennis history, tennis in egypt, tennis jar, tennis lessons, tennis live, tennis magazine, tennis mania, tennis match, tennis matches, tennis men, tennis new, tennis news, tennis online, tennis photo, tennis news,tennis2011, tennis photos, tennis pictures, tennis player, tennis players, tennis racquets, tennis ranking, tennis rankings, tennis results, tennis schedule, tennis serve, tennis shoes, tennis stadium, tennis torrent, tennis tournament, tennis tournaments tennis training, tennis training video, tennis tv, tennis vedio, tennis videos, tennis wallpapaers, tennis wallpaper, tennis website, the tennis, tournaments, us open , virtue tennis, vitrua tennis, vitrua tennis3, vitrual tennis, vitural tennis, watch live tennis, watch tennis, what wimbledon tennis , champ was nicknamed, super brat, wilson, wilson tennis, wimbeldon, wimbledon, wimbledon tennis, winner,winners world tennis, world tennis championship, wta tennis, wta touryoutube tennis لعيهvirtua tennis, لعبةvirtua tennis 3, maria sharapova,del potro, venus williams, ckijsters, caroline, andy murray, jaun martin del potro, henin, justin henin ,caroline, elena , jelena dementieva, finals, winners, who win wimbledon, rankings, women rankings, men rankings.' name='keywords'/> Sport everywhere: Uefa plans to curb clubs' debts

Friday, August 28, 2009

Uefa plans to curb clubs' debts

Uefa president Michel Platini has vowed to bring in regulations that ensure football clubs manage their finances so they "live within their means".
The key to Platini's vision of what he has called "financial fair play" is for all clubs to be made to only spend what they earn in football revenues.
And he claims he has the backing of Chelsea owner Roman Abramovich and other rich club owners.
The rules are still being formulated and would not be in place before 2012.
Platini said: "We have everyone on board with this, the owners, the players, the leagues, the national associations.
"If a club can get loans from a bank to buy players and is able to pay back bank loans then it is not a problem. But if a club gets a lot of money or subsidies from a big backer and is still in deficit in two years then it is a problem and we don't want that."

It would mean owners such as Manchester City's Sheikh Mansour bin Zayed al Nahyan would not be able to make huge gifts of cash to their clubs.
Platini added that an independent panel would be set up to judge whether clubs had broken the rules.
"The panel will refer any matter to the disciplinary committee and sanctions will be taken from a reminder to a fine to expulsion from the Champions League," he said.
Many of Europe's top clubs have huge debts, with Real Madrid's an estimated debt of £500m up to the end of the 2007-08 season. Financial experts have estimated Real's current debt could run to about £800m following their summer spending spree.
Premier League club Chelsea reported losses of £65.7m up to June last year while Red Football, Manchester United's parent company owned by the Glazer family, recorded a £21m loss last year and has a total debt of £575m.

Manchester City paid about £22m to sign Everton defender Joleon Lescott
Platini added: "It's mainly the owners that asked us to do something - Roman Abramovich, (AC Milan's) Silvio Berlusconi, (Inter Milan's) Massimo Moratti. They do not want to fork out from their pockets any more.
"I have told Mr Abramovich about this and he said nothing against it."
Uefa would also look at losses incurred by clubs' parent companies who have to service loans, said Platini.
Sanctions - if implemented - would depend on the size of a club's losses, said Uefa deputy general secretary Gianni Infantino, who is in charge of the detailed planning process.
He said around 20 clubs had been sanctioned in the past few seasons and not given a Uefa licence because their finances were not in order.
But Infantino insists the new rules would not stop clubs like Manchester City breaking up the domination of the 'big four' in the Premier League - as long as they were run on the right lines.
"We think that the opposite will happen because if you have a rich sugar daddy coming in and throwing money around this is unhealthy in the medium and long-term," he said.
"For the club to be healthy it has to live on its own means and generate income and this is not impossible.
"Clubs have generated revenues by investing in stadiums otherwise it is an artificial bubble which inflates the system and is unhealthy and unsustainable."

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