johnny crossan
Well-Known Member
Platini Warns City
Michel Platini: Says clubs must be careful about what they spend under Financial Fair Play rules
UEFA president Michel Platini has told clubs to be careful about what they spend under new rules and is concerned about what could happen to Manchester City if their owners leave the club.
Financial Fair Play rules are being introduced to make sure European football is played on a more level playing field and by 2013/14 clubs will be required to break even on their balance sheets.
For the first couple of years a €45m (£36m) deficit will be considered an 'acceptable deviation' but clubs will then start getting punished for spending more than they earn.
Manchester City have invested heavily in their squad since Sheikh Mansour's Abu Dhabi United Group took over and this season they became Premier League champions.
Platini insists that money does not guarantee success, however, and has fired a warning about the future.
"We have to protect the clubs, because until they pay Manchester City will be happy but if they (the owners) leave Manchester City what is going to happen with this club?" Platini said in an interview with Fox Soccer America and broadcast on Sky Sports News.
Platini was speaking ahead of the UEFA Champions League final on Saturday between Bayern Munich and Chelsea at the Allianz Arena.
<a class="postlink" href="http://www1.skysports.com/football/news/11679/7763413/Platini-warns-City" onclick="window.open(this.href);return false;">http://www1.skysports.com/football/news ... warns-City</a>
Michel Platini: Says clubs must be careful about what they spend under Financial Fair Play rules
UEFA president Michel Platini has told clubs to be careful about what they spend under new rules and is concerned about what could happen to Manchester City if their owners leave the club.
Financial Fair Play rules are being introduced to make sure European football is played on a more level playing field and by 2013/14 clubs will be required to break even on their balance sheets.
For the first couple of years a €45m (£36m) deficit will be considered an 'acceptable deviation' but clubs will then start getting punished for spending more than they earn.
Manchester City have invested heavily in their squad since Sheikh Mansour's Abu Dhabi United Group took over and this season they became Premier League champions.
Platini insists that money does not guarantee success, however, and has fired a warning about the future.
"We have to protect the clubs, because until they pay Manchester City will be happy but if they (the owners) leave Manchester City what is going to happen with this club?" Platini said in an interview with Fox Soccer America and broadcast on Sky Sports News.
Platini was speaking ahead of the UEFA Champions League final on Saturday between Bayern Munich and Chelsea at the Allianz Arena.
<a class="postlink" href="http://www1.skysports.com/football/news/11679/7763413/Platini-warns-City" onclick="window.open(this.href);return false;">http://www1.skysports.com/football/news ... warns-City</a>