Financial Fair Play
Arsenal Could Face Uefa FFP Sanctions After Posting Huge Losses of £213m
Join our Telegram channel to stay up to date on breaking news coverage Arsenal are one of 20 European clubs on a Uefa watchlist of teams who are in danger of being penalised for breaching Financial Fair Play (FFP) rules. The Gunners have made a scintillating start to the new Premier League season, winning each of their three games and scoring nine goals to sit at the top of the table. Boss Mikel Arteta has spent big to sign Gabriel Jesus and Oleksandr Zinchenko from Manchester City, as well as Fabio Vieira this summer. But the Arsenal manager may have to tighten his purse strings after news emerged that the club are being scrutinised by Uefa over their finances. Uefa is soon expected to announce sanctions for ten clubs who have breached FFP rules up to 2020-21, including Juventus, Barcelon...
La Liga chief: Impossible for Barca to keep Lionel Messi without departures
Barcelona must considerably reduce their wage bill in order to keep Lionel Messi, LaLiga chief Javier Tebas said on Thursday, adding that the club would not be shown any leniency when it comes to obeying the league’s strict financial control rules. Messi, Barca’s all-time top scorer and appearance maker, ended his 21-year association with the club last month and is currently a free agent as the Catalans cannot offer him a new deal due to their financial predicament. President Joan Laporta said last month that Messi was keen to remain at the club but giving him a new deal was being held up by the league’s Financial Fair Play regulations. Spanish media reports had suggested LaLiga could relax the rules to allow the six-time Ballon d’Or winner to stay at Barca but Tebas said there was no chan...
Inter chief holds talks with Lionel Messi’s reps, Barca president over move
Inter president Steven Zhang has held talks with Lionel Messi’s representatives over a potential move as well as Barcelona president Josep Maria Bartomeu according to a report in today’s print edition of Italian daily newspaper Gazzetta dello Sport. In order for Messi to join Inter, he will have to terminate his relationship with Barcelona and although there are certain concerns over his future with the club, he has not yet requested to leave Catalonia yet. If something changes in this regard though, Inter’s owners Suning will be right there and ready to pay him €260 million gross in wages over a four year period, which works out at €65 million gross a year and €50 million net a year. The arrival of a new main shirt sponsor will help Inter’s coffers and boost profits whilst Inter could als...
Pep Guardiola: Manchester City deserve an apology
Manchester City manager Pep Guardiola said his team deserved an apology, after their two-year UEFA ban from European football was overturned by the Court of Arbitration for Sport (CAS) — a verdict he called “a good day for football”. Guardiola said the club’s reputation had been damaged by the furore around allegations that they broke Financial Fair Play (FFP) rules and fired back at comments from rival managers Jose Mourinho and Juergen Klopp. Mourinho had described the CAS decision to fine City 10 million euros ($11.39 million) for non-cooperation with the investigation as “disgraceful”. “Maybe. The thing about the money, maybe. But Jose and all the managers should know that we were damaged. We should be apologised (to). Because, like I said many times, if we did something wrong, we will...
