By Andrew Warshaw, chief correspondent, in Monaco
August 30 – With the threat of sanctions hanging over them, European clubs have drastically reduced their losses in order to abide by UEFA’s strict financial fair play regulations which include the ultimate punishment of throwing teams out of the Champions League and Europa League. Figures provided by European football’s governing body show that overall losses among the 237 clubs participating in UEFA competitions fell from €1.7 billion in 2011 to €1.1 billion last year – a 36% reduction.
FFP is working with UEFA reporting club losses cut by €600m
