Platini to stick with financial fair play
MONTE CARLO, Monaco — UEFA President Michel Platini says there will be no going back on financial fair play rules which oblige European teams to only spend what they earn.
The break-even rule comes into effect from the 2014-15 season and it is already having an influence, with transfer activity down across Europe.
On Friday Platini said "We will never go back on financial fair play, it was decided unanimously by the clubs, it is a revolution in European football and we will do it."
UEFA General Secretary Gianni Infantino revealed that there was a 36 percent decrease in spending last January, compared to January 2011.
Moreover, the total transfer spend this year — excluding Thursday's and Friday's deals — is 78 percent less than the 2008-2011 average.
The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.comments powered by Disqus