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UEFA is adapting its monetary fair play regulations, President Aleksander Ceferin said Tuesday, as Manchester City struggles to overturn a Champions League ban for violating regulations in the Court of Arbitration (more football news).
“It’s too early to say what it’s going to be like in the future, but we’re thinking about it and we’re going to have to adapt it,” Slovenian Ceferin said at a press conference after the UEFA Congress in Amsterdam.
“It’s a very successful system, there are almost no more defeats in European football, but now we’ll probably have to adapt to other times. “
Monetary Fair Play (FFP) regulations were approved by UEFA to combat the growing debt of European football by forcing clubs to balance their accounts.
Valuations began in 2011 when European clubs recorded total losses of 1. 7 billion euros ($1. 9 billion). On the other hand, according to UEFA’s latest annual “comparative analysis” report, the continent’s 700 leading clubs made a combined profit of 140 million euros in 2018. .
However, the last decade has noticed that City and Paris Saint-Germain in particular, with mega-rich owners of Abu Dhabi and Qatar respectively, represent a massive new challenge for the European elite and FFP regulations themselves.
The city was expelled from Europe for two years for serious violations of FFP regulations. Reigning English champions filed an appeal on Lausanne’s sports floor last week.
The FFP regulation means that, over a three-year period, clubs cannot lose more than 30 million euros, for prices such as the progression of young people and women’s teams.
UEFA’s monetary control body found that the City had made sure to fall under restrictions by overestimating its sponsorship revenue between 2012 and 2016.
When asked if he was happy that the decision opposing the City could be upheld in the CAS appeal, Ceferin said: “As a lawyer, I respect the formula and formula we have: the instructional room, the trial chamber and, in the end, we have the Court of Arbitration in Lausanne.
“Manchester City has appealed to the Court of Arbitration and it’s the decision. “
Meanwhile, General Secretary Theodore Theodoridis has minimized fears that UEFA protection may be in danger when City receives Real Madrid in the Champions League on 16 March, a second-round match.
The setting will be City’s first home festival for UEFA since the ban was announced, which infuriated enthusiasts.
“We are convinced that there will be no problem,” said Theodoridis.
(AFP)
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