March 30 – LaLiga has described the proposed UEFA financial fair play rules that will go before UEFA’s executive committee on April 7 as a “major step forward for European football”.
LaLiga and its president Javier Tebas have long been calling for stronger financial fair play rules at European level, concerned that wealthy club owners pumping limitless and unchecked amounts of money into playing squads was upsetting the competitive balance in Europe.
Tebas has consistently argued that state-owned clubs must be stopped from what he calls ‘financial doping’.
“This is a historic moment, implementing squad spending limits at European level for the first time and demanding that operations be market based, countering the destructive inflationary effect of state-owned clubs,” said Tebas.
UEFA recognised that its FFP rules were flawed and have worked with both the European leagues and European club associations to find more equitable solutions.
In a strong and supportive statement, LaLiga highlights the “key concepts to strengthen the future of European football:
- Solvency: increased enforcement of the fulfilment of overdue
- Market value: expanding the obligation to value all operations at market value (both with related parties and withunrelated third parties).
- Stability: through the Football Earnings Rule, which measures balanced results, supplemented by limited and reasonable capital contributions.
- Squad cost control: based on the new Squad Cost Ratio concept, which limits the squad cost to 70% of income.”
“Economic sustainability in football is very important as there are hundreds of thousands of jobs that depend on the clubs and the leagues,” said Tebas.
Contact the writer of this story at moc.l1714180726labto1714180726ofdlr1714180726owedi1714180726sni@n1714180726osloh1714180726cin.l1714180726uap1714180726