The European Club Association ECA has welcomed the upcoming reform of the Financial Fair Play (FFP) by UEFA. “The new rules should ensure that the issue are better to control, while investments are promoted,” said the ECA chairman Nasser Al-Khelaifi at the General Assembly in Vienna: “The new rules must be simple, fair, transparent and enforceable “
In the past, the FFP proved to be vulnerable because the rules could be bypassed. The approximately 240 members strong ECA, which belong to numerous Bundesligaes such as Bayern Munich, Borussia Dortmund and Bayer Leverkusen, has significantly contributed to the FFP succession scheme.
“In this process, many different interests had to be taken into account. It was important to us that there is no freefores for dubious economies. We have to live against the background and we can live as a Bundesliga with the compromise achieved,” said Fernando Carro, chairman of the management from Bayer Leverkusen, on SID request. The results still need to be appropriated by the Executive Committee of UEFA.
Most recently, several media had reported that UEFA wants to decide on the modernized FFP in April. Thus, the clubs allegedly no more than 70 percent of their revenue for transfers, salaries and consulting agencies may spend. But a salary upper limit required by many sides should not exist.
A difference between revenue and expenditure should be able to balance an external donor in the future at a height of up to 30 million euros per season. So far, it is basically ten million euros per season. It should therefore not give the unlimited influx of investor allowance dreaded mainly by German clubs.
Bavaria Board Boss and ECA Vice Oliver Kahn had finally expressed the hope that the FFP reform can at least slow the steadily rising spiral for salaries and transfer sums.
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The ECA has also decided to help the war home-pointed people in Ukraine with a million euros. With this “first financial contribution”, the various initiatives of the ECA member associations are to be supported.
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