• SOURCE: UEFA

GIANNI INFANTINO 2

ID

388806

Description
Soundbite
Shotlist
The UEFA club licensing and Financial Fair Play regulations have been approved, and they have been amended compared to the previous edition - and as of the 1st of July a new edition will enter into force. The reasons for the changes on these regulations are in fact manifold. The first one is that… as it's obvious nothing is set in stone and every two years we… undergo a consultation process, we undergo a process of revision of the regulations; This is one part. And the most important part, the most important reason for the change, is that the whole economic situation of European football has changed. When we introduced these regulations, we had in mind the catastrophic financial situation of club football, with losses in 2011 of the top division clubs in Europe going up to 1.7 billion. We have seen that with the introduction of these regulations the losses went down to a bit over 400 million, so a great success of the regulation - and it's normal that after some time with such successful results we need to review a couple of things, and to make sure that we adapt the regulations accordingly.
Usage Rights/Restrictions
This media asset is free for editorial broadcast, print, online and radio use. It is restricted for use for other purposes.

Contact

  • Client Relations
    TheNewsMarket