Uefa says it will not hesitate to take decisive action against clubs who breach new financial regulations, including banning them from Champions League competition.
Speaking as Uefa revealed that total losses among European top-flight clubs had increased 30 per cent to €1.6 billion (£1.34 billion) in 2010, the governing body’s head of legal affairs warned that new “financial fair play” regulations would be backed by strong sanctions.
The FFP rules, which require clubs to live within their means and restrict them to losses of no more than €45 million (£37.7 million) over the next two years, could have a major impact on several English clubs including Manchester City and Chelsea, who sustain huge losses thanks to the indulgence of owners Sheikh Mansour bin Zayed Al Nahyan and Roman Abramovich respectively.
Last year Chelsea lost £78 million and City £197 million, and on Wednesday Uefa confirmed for the first time a list of sanctions that could apply should they breach the regulations, which start this season and will be acted upon in 2013.
The sanctions range from a reprimand to exclusion from European competition, and include potential restrictions on squad sizes for European competitions, and a ban on new signings taking part in the Champions League.
Uefa also announced that the level of penalties against clubs will be decided by an independent body, the Club Financial Control Body, separate to Uefa’s disciplinary wing.- http://www.telegraph.co.uk
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