UEFA President Michel Platini says Financial Fair Play is ‘here to stay’ and warns Inter and Roma ‘existing settlements will remain in force’.
The Nerazzurri and the Lupi were both sanctioned by UEFA for breaching FFP rules, with the pair copping a fine and having their European squads limited.
UEFA President Michel Platini says Financial Fair Play is ‘here to stay’ and warns Inter and Roma ‘existing settlements will remain in force’.
The Nerazzurri and the Lupi were both sanctioned by UEFA for breaching FFP rules, with the pair copping a fine and having their European squads limited.
Platini said this week that the rules will be relaxed, but in an interview with UEFA’s official website, the former Juventus midfielder warned existing punishments will still stand.
“The existing settlements will remain in force,” Platini explained.
“The sporting restrictions and financial contributions, therefore, will not be affected.
“It is entirely normal for regulations to be updated. In fact, it would be abnormal if regulations never changed. Updates and adaptations are part of the regular life cycle of European football regulations.
“These regulations came into being in 2010 and were already updated in 2012. Any updates to the regulations will be discussed at various committees before being presented to the UEFA Executive Committee for ratification at its next meeting, which takes place in Prague on 29/30 June.
“Financial Fair Play is here to stay.”
The 59-year-old then defended the record of his measures to date, with some claiming the system only preserves the traditional footballing elite.
“Financial fair play has led to a dramatic improvement in club finances and has restored business credibility in our sport.
“When we began this process, financial losses stood at €1.7bn per year, but now it is in the €400m-€500m range.
“In a short period of time, financial fair play is achieving what it set out to do: restore the financial health of European football and put clubs on a much better and more solid financial foundation.
“Clubs need to continue to live within their means. We have been in a long consultation process which has taken into account views from all stakeholders.
“The conclusions are that everyone wants financial fair play to stay. The objective of financial fair play remains the same, we have just been working on moving from a period of austerity to one where we can offer more opportunities for sustainable growth.
“Over the past three years, the Club Financial Control Body has learned substantially from the process, and now the proposed changes to the regulations will build on the successes achieved whilst adapting to changed, and improved, economic circumstances.
“The overall objective remains the same: to provide a regulatory environment which supports clubs in creating sustainable growth for the long term, while maintaining financial stability.”