European football stakeholders restate support for UEFA Financial Fair Play Regulations
Monday, 13 10 2014
ECA Chairman Karl-Heinz Rummenigge was present at the FFP roundtable today.
UEFA received the support of key European football stakeholders in the implementation of the UEFA Club Licensing and Financial Fair Play Regulations during a roundtable discussion in Nyon on Monday.
The meeting, hosted by UEFA President Michel Platini, was part of a collaborative and consultative process to discuss the evolution of the regulations.They have succeeded in helping clubs to live within their means, in reducing reckless spending and have been universally accepted, but UEFA has reiterated that it is open for discussion for potential amendments to the rules and for them to evolve over time.
Monday's meeting was attended by representatives from the English Football Association (FA), the European Club Association (ECA), the European Professional Football Leagues (EPFL), FIFPro Division Europe, the German Football League (DFL) and a number of European clubs: AC Milan, AFC Ajax, FC Bayern München, FC Zenit, Juventus, Manchester City FC, Olympiacos FC, Olympique Lyonnais, Paris Saint-Germain and Real Madrid CF.
The participants restated their support for the UEFA Club Licensing and Financial Fair Play Regulations during full and frank discussions. Potential enhancements to the system were also discussed with the debate covering such diverse issues as owners' investment, club debt, ossification, the fair value of related-party transactions, differing financial and legal circumstances in different countries and the perceived advantage of clubs not in European competition the previous season.
Commenting on today's meeting, ECA Chairman Karl-Heinz Rummenigge said:
"Financial fair play is a bonus for club football and helps ensure the future sustainable development of the game. Economic rationality must be top priority. ECA strongly welcomes financial fair play and places significant trust in UEFA and its President Michel Platini."
UEFA President Michel Platini added:
"Today's meeting was very constructive and showed once more that the key stakeholders in Europe are keen to work together to create a healthy financial landscape for club football. We have succeeded in reducing the cumulative losses of European clubs and in stabilising European football's finances. We must now work together to ensure that clubs can grow and prosper in the future - and today's discussions were an encouraging step in that direction."