Tough new guidelines from UEFA will make clubs operate within their means from the beginning of the 2012/13 season. The move is set to bring more discipline to club finances and also take the pressure off player’s wages and transfers fees. Clubs will have to compete within their revenue. UEFA believes it will encourage investment in infrastructure, sport facilities and youth academies. Additionally, it believes it can help the clubs to sustain themselves in the long term and settle their liabilities in the good time.
The break even clause is a new departure for i99Bet whereby the clubs will likely be monitored for three years. They will not be allowed to spend more compared to what they earn from revenue give or take 5 million. They will be able to spend the things they like on the stadiums, training facilities, youth academy and their communities.
The massive investments of billionaire owners will likely be severely cut though. Within the 3 seasons they will only be able to devote 45 million euro over the break even point to help pay wages and transfer fees. Which means that when the clubs owners wish to go and purchase their way into the Champions League they can’t. Sounds good in principle to prevent the major clubs splashing the bucks but it also stops smaller clubs like Fulham who may have a mega rich owner. They won’t be able to spend anymore of Al Fayeds money higher than the 45 million euro, the identical amount as Mr Abramovich down the road at Chelsea. So suddenly it’s not fair anymore as Fulham wouldn’t have the same revenue stream as Chelsea or the methods for increasing it either.
At the moment a lot of the Premier league clubs are alright. But Aston Villa, Chelsea, Man City and Liverpool would all set alarm bells ringing at UEFA using the huge losses they may be incurring. It seems the huge debts a few of the big clubs are holding won’t be taken into account right now. The device will only be used as monitoring tool for the moment and clubs won’t be banned from UEFA competitions. They would first be warned and set under review before been banned.
Another area of the clause states that clubs will not be able to owe money to rivals, players, staff or tax authorities at the conclusion of the season. They’re looking to avoid what actually transpired at Portsmouth who went into administration owing millions in transfer fees, tax and VAT for example. I do believe I read somewhere yesterday they had accessible to pay their creditors 20% of the things they owed them. A recently available nxhila on European clubs said that 50% of those where creating a loss which 20% where in serious financial danger.
In other World Cup Spread Betting football news. Michael Essien has failed to overcome injury and has been omitted from Ghana’s squad. Javier Hernandez can become a Man Utd player on 1st July after getting a work permit and World Cup hosts South Africa beat Colombia 2-1 in a friendly in the Soccer City stadium.
And lastly, while South Africa were beating Colombia, the Colombians were having their hotel rooms inspected by 2 of the employees who relieved them with their money. These people were later arrested. Hope security is ramped up just a little bit through the next couple of weeks. Bonjour. It is a site giving news relating to World Cup 2020 in South Africa containing news and opinion of everything football.