| Tough new guidelines from UEFA will make clubs | | | | alright. But Aston Villa, Chelsea, Man City and Liverpool |
| operate within their means from the start of the 2012 | | | | would all set alarm bells ringing at UEFA with the huge |
| 13 season. The move is set to bring more discipline to | | | | losses they are incurring. It seems the huge debts |
| club finances and also take the pressure off player's | | | | some of the big clubs are holding won't be taken into |
| wages and transfers fees. Clubs will have to compete | | | | account at the moment. The system will only be used |
| within their revenue. UEFA believes it will encourage | | | | as monitoring tool for the moment and clubs won't be |
| investment in infrastructure, sport facilities and youth | | | | banned from UEFA competitions. They would first be |
| academies. It also believes it will help the clubs to | | | | warned and put under review before been banned. |
| sustain themselves in the long term and settle their | | | | Another part of the clause states that clubs will not be |
| liabilities in the good time. | | | | able to owe money to rivals, players, staff or tax |
| The break even clause is a new departure for UEFA | | | | authorities at the end of the season. They're hoping to |
| whereby the clubs will be monitored for 3 years. They | | | | avoid what happened at Portsmouth who went into |
| will not be allowed to spend more than they earn from | | | | administration owing millions in transfer fees, tax and |
| revenue give or take 5 million. They will be able to | | | | VAT to name a few. I think I read somewhere |
| spend what they like on their stadiums, training facilities, | | | | yesterday that they had offered to pay their creditors |
| youth academy and their communities. | | | | 20% of what they owed them. A recent report on |
| The huge investments of billionaire owners will be | | | | European clubs said that 50% of them where making |
| severely cut though. Over the 3 seasons they will only | | | | a loss and that 20% where in serious financial danger. |
| be able to put in 45 million euro over the break even | | | | In other World Cup Spread Betting football news. |
| point to help pay wages and transfer fees. This | | | | Michael Essien has failed to recover from injury and |
| means that if the clubs owners want to go and buy | | | | has been omitted from Ghana's squad. Javier |
| their way into the Champions League they can't. | | | | Hernandez will become a Man Utd player on 1st July |
| Sounds good in principle to stop the big clubs splashing | | | | after receiving a work permit and World Cup hosts |
| the cash but it also stops the smaller clubs like Fulham | | | | South Africa beat Colombia 2-1 in a friendly at the |
| who have a mega rich owner. They won't be able to | | | | Soccer City stadium. |
| spend anymore of Al Fayeds money above the 45 | | | | And finally, while South Africa were beating Colombia, |
| million euro, the same amount as Mr Abramovich down | | | | the Colombians were having their hotel rooms |
| the road at Chelsea. So suddenly it's not so fair | | | | inspected by two of the employees who relieved |
| anymore as Fulham wouldn't have the same revenue | | | | them of their money. They were later arrested. Hope |
| stream as Chelsea or the ways of increasing it either. | | | | security is ramped up just a little bit during the next |
| At the moment most of the Premier league clubs are | | | | few weeks. Bonjour. |