UEFA President Alexander Ceferin has claimed ‘Financial Fair Play is not enough anymore’ and wants to make sure of competitive balance. ‘If you spend too much, you have to give something back to the others’.
After the Champions League Final between Paris Saint-Germain and Bayern Munich, the President admitted the UEFA depends on the heavy investments from wealth funds associated with the biggest teams.
“Since we distribute almost 90 per cent of all the money back to the national associations and clubs, I would love to have even more revenues because it’s good for the development of football,” Ceferin told Reuters.
“You have to know that without UEFA distributing the funds, out of 55 national associations close to 50 would be bankrupt and then children couldn’t play in those countries.
“So, for us it’s very important that we allow investments to come, but within the regulation [and] bearing in mind Financial Fair Play and competitive balance.”
But the UEFA chief admitted that the FFP regulations in place are not doing enough to keep the competition balanced and is ready to discuss a new tax system for the clubs who spend the most.
“FFP is not enough anymore, we have to do something to take care that, if you spend too much, by our regulations you have to give something back to the others.
“Why is competitive balance so important? Because otherwise competition is not interesting anymore, it becomes boring and we don’t what that to happen.”
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