Platini wants to reduce club debt

Published Add your comment

Football News

UEFA president Michel Platini has outlined plans to "protect" English teams from spiralling debts.

Frenchman Platini has often been accused of disliking English football - something he vehemently denies - but he insists the measures, which will be formulated by a UEFA committee from Monday onwards, are designed to help the clubs in the long-term.

He warned that failure to comply could see them banned from UEFA competitions and told the Daily Telegraph: "We have three years to regulate the situation. The idea is not to kill the clubs but to help them have better balances."

He added: "The philosophy to participate in our competitions is you must not spend more money than you receive.

"If (Manchester) United have 300 million euros and they spend 400 million euros - no!

"If Liverpool pay 60 million euros (in interest) every year to the banks, it's a lot of money.

"Every owner has asked me for a better philosophy, for better transparency. In Germany, debts are not accepted. In England they are.

"Some of the chief executives are not okay with the chance of new regulations because they don't want to change their business. The owners are okay with it."

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:

Premier League

Article Comments

Read more

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again