European clubs to resist spending curbs

Article reports that some of Europe’s leading football clubs are preparing to oppose plans by Uefa, the governing body, to curtail the ability of club owners to buy their way to success.

A campaign by Michel Platini, Uefa’s President, against financial excess in the game culminated on the 15 September 2009 in its executive committee approving his Financial Fair Play agenda, which will come into force over the 2009-2012.

UEFA: Homepage http://www.uefa.com/

UEFA: Press Release, 21.9.09: UEFA EXCO approves financial fair play http://www.uefa.com/uefa/aboutuefa/organisation/executivecommittee/news/newsid=886803.html

Website: European Club Association http://www.ecaeurope.com/

ECA: Press Release, 28.8.09: ECA and UEFA ... agree on Financial Fair Play measures for club football http://www.ecaeurope.com/Default.aspx?id=1101734

BBC News, 15.9.09: Uefa approves new spending plans http://news.bbc.co.uk/sport1/hi/football/europe/8256279.stm

ESO: Background information: Uefa warns over Ronaldo £80m signing http://www.europeansources.info/record/uefa-warns-over-ronaldo-80m-signing/

ESO: Background information: Plans to level football’s playing field http://www.europeansources.info/record/plans-to-level-footballs-playing-field/

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