ECP may be solution to M-League teams’ financial woes

  • Football
  • Tuesday, 27 Aug 2019

PETALING JAYA: La Liga Global Network delegate Giorgio Rossi (pic) reckons that their success story with the Economy Control Programme (ECP) could be replicated in the M-League.

The ECP has been used by La Liga since 2012 and it has been effective in helping the club manage their finances and eradicate debts worth £90mil (RM423mil) to zero within five years from 2012 to 2017.

The Malaysian Football League (MFL) will be implementing the ECP to eradicate poor financial management by M-League teams next season.

Under the ECP, M-League clubs will only be allowed to spend within their budget as they will have to meet regulations set by the MFL.

Rossi said the MFL made a good decision to implement the ECP and it’s the way forward to make football sustainable as an industry.

“The clubs in Spain accepted the ECP because it was needed and it helped... it can be the same for Malaysia, ” said Rossi.

“ECP regulations are the same for everyone in the La Liga, there’s a penalty system for clubs who failed to adhere to the regulations. La Liga clubs agreed to it and cooperated... and now it’s a success.

“The MFL have made a good decision to implement the ECP. The goal is to stop clubs from generating debts and be able to generate revenue and profit.”

Rossi added that the football clubs needed to operate as a business entity.

“Football is a business, if there’s no sustainability there’s no future in a business.

“The ECP allows the clubs and consequently the league to have a sustainable environment and all the stake holders will benefit from it.”

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 7
Cxense type: free
User access status: 3

What do you think of this article?

It is insightful
Not in my interest

Across The Star Online