FootballSense
Well-Known Member
- Joined
- 29 Sep 2014
- Messages
- 534
Does the UEFA Treasurer Have a Vested and Prejudicial Interest?
It seems a legitimate question to ask and debate.
PrestwichBlue has identified that UEFA's aggregate losses for the last 3 years were €58.1m. Adding back depreciation reduced that by €16.2m to €31.9m. The FFP maximum allowable loss is €30m. Have UEFA failed its own FFP test if it was to be applied to them ?
He also clarified that the maximum allowable loss was actually only €5m, but owners are allowed to meet additional losses up to the €30m limit. As UEFA does not have an owner as such, they are over the limit they set for clubs.
Who has overseen this? Yes, UEFA`s Treasurer, a current Director of Manchester United, former Finance Director and CEO of MUFC, who regularly sits in the Directors Box with the Glazers, Ferguson and Charlton.
So, does the UEFA Treasurer, who serves also on the most powerful and influential UEFA Committees, have a vested and prejudicial interest ?
Or is it just pure coincidence that UEFA`s new rules and regulations introduced when the football scene changed, just happen to favourably benefit Manchester United and, at the same time. just happen to significantly and detrimentally impact on Manchester City?
It seems a legitimate question to ask and debate.
PrestwichBlue has identified that UEFA's aggregate losses for the last 3 years were €58.1m. Adding back depreciation reduced that by €16.2m to €31.9m. The FFP maximum allowable loss is €30m. Have UEFA failed its own FFP test if it was to be applied to them ?
He also clarified that the maximum allowable loss was actually only €5m, but owners are allowed to meet additional losses up to the €30m limit. As UEFA does not have an owner as such, they are over the limit they set for clubs.
Who has overseen this? Yes, UEFA`s Treasurer, a current Director of Manchester United, former Finance Director and CEO of MUFC, who regularly sits in the Directors Box with the Glazers, Ferguson and Charlton.
So, does the UEFA Treasurer, who serves also on the most powerful and influential UEFA Committees, have a vested and prejudicial interest ?
Or is it just pure coincidence that UEFA`s new rules and regulations introduced when the football scene changed, just happen to favourably benefit Manchester United and, at the same time. just happen to significantly and detrimentally impact on Manchester City?