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New finance rules for European football

Summary

28 May 2010

European football's governing body, UEFA, has approved new regulations which will restrict the amount of money clubs can spend. The Financial Fair Play Test is designed to prevent clubs going into debt.

Reporter:

Alex Capstick

Report

UEFA's ruling committee gave the new financial regulations its unanimous approval. After a phasing in period they'll come into force at the beginning of the 2012 season. 

UEFA is determined to limit the lavish spending which has become such a feature of the game. A recent report found that half of Europe's leading clubs were losing money, and 20 per cent faced huge deficits. 

Under the new rules they will have to break even. Clubs will not be allowed to spend more money than they generate. Rich benefactors will no longer be allowed to subsidise expensive transfers and salaries. Those clubs which consistently operate outside the parameters will be barred from European competitions.

Individual national associations will be mainly responsible for making sure clubs follow the new policy.

Alex Capstick, BBC News