NYON (Switzerland): European soccer’s governing body UEFA applied the brakes to reckless club spending on Thursday by approving rules aimed at forcing clubs to live within their means.
Under UEFA president Michel Platini’s “Financial Fair Play” plan, clubs will not be able to spend more than they generate through revenues while cash injections from rich benefactors will be severely restricted.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!