Louis Posted October 8, 2008 Report Share Posted October 8, 2008 Not sure where this should go to be honest because Everton have debt and are Europe is our target. http://www.telegraph.co.uk/sport/football/...e-Football.html David Taylor, the Uefa general secretary, says the organisation is determined to promote “financial fair play.” And while nothing will happen overnight, Taylor insists drastic sanctions could be enforced on clubs like Chelsea and Manchester United should they fail to reduce their debt. “There would be forms of communication, even warnings, even reprimands, before one would ever get to a situation of exclusion but it’s absolutely possible,” said Taylor. Taylor’s comments come after Lord Triesman, the FA chairman, made a stark warning about the amount of money owed by Premier League clubs. He estimated English professional football to be £3 billion in debt, and predicted a Premier League club could go to the wall amid the current financial crisis. “I was very pleased to see the statements from Lord Triesman and we also believe that the European Union shares many of our ideals about the self-regulation of sport in a free market,” Taylor said. “This is an attempt to find greater financial stability, especially at a time when banks are failing. Governments might bail out banks but they are not going to bail out a football club,” he said. “The current system needs to be looked at, it needs more transparency. We need to look at which areas we regulate to ensure the long-term stability of the clubs. “It is not something that will happen overnight, we are still at the stage of investigating and developing solutions, but we are concerned about the longer term.” Triesman’s comments drew a predictable reaction from Premier League chief executive Richard Scudamore, who said: “Debt is not bad, debt is inevitable.” Taylor, however, insists the staggering scale of borrowing is a major concern. “Many new owners or investors are not giving gifts to clubs.” he said. “In most cases they are loans and ultimately the club is indebted to its benefactor. “There are no solutions yet but we are all convinced something needs to be done.” Quote Link to comment Share on other sites More sharing options...
jamiemaher85 Posted October 8, 2008 Report Share Posted October 8, 2008 I can't see them ever implementing anything like this. I found it interesting that of the £3b debts over 1 third of that figure is Man U, Chelsea and Liverpool Quote Link to comment Share on other sites More sharing options...
DangerMouse Posted October 8, 2008 Report Share Posted October 8, 2008 Never ever going to happen..... Its hugely being pushed by Platini and his hated of English football.... He hates it sooo much seeing our teams dominating the later stages of the Champions Leaugue.... I think this jealousy is the major factor.... has nothing to do with money / debt in the slightest... If that was the case they could just reduce the financial rewards for participating in the champions league... They could however just go back to the European Cup of old...... Im sure the likes of Liverpool / Arsenal wouldnt mount up millions of pounds of debt if there was no gaurantee of 50mil every season... However, this wouldnt be in UEFA's interests... they want a league of Europe and to push for it they use money as Bait.... hyppocrit's!!!!!!!!!!!!!!!!!!!!!!! Quote Link to comment Share on other sites More sharing options...
sheedys2fingers Posted October 8, 2008 Report Share Posted October 8, 2008 The worlds biggest club, Madrid's debts have long been as legendary as their players Quote Link to comment Share on other sites More sharing options...
Sporting4ever Posted October 8, 2008 Report Share Posted October 8, 2008 Never ever going to happen..... Its hugely being pushed by Platini and his hated of English football.... He hates it sooo much seeing our teams dominating the later stages of the Champions Leaugue.... I think this jealousy is the major factor.... has nothing to do with money / debt in the slightest... If that was the case they could just reduce the financial rewards for participating in the champions league... They could however just go back to the European Cup of old...... Im sure the likes of Liverpool / Arsenal wouldnt mount up millions of pounds of debt if there was no gaurantee of 50mil every season... However, this wouldnt be in UEFA's interests... they want a league of Europe and to push for it they use money as Bait.... hyppocrit's!!!!!!!!!!!!!!!!!!!!!!! Danger, if you think huge depts are just a problem in England, think again. Everywhere in europe clubs are way in over their heads. It's just a result of how things have escalated for the last 20-25 years up to this point, when there's clubs paying huge fees and huge paychecks to players when they have also huge depts. The simple problem with this is, sooner or later, the balloon is gonna pop. Then we'll all be in very deep guano. I still think the best way to atempt some sort of equality is to force teams to field minimum numbers of home-grown players. The borders are open? fine. But if you want to play in the EPL you need X number of english players, and Y number of home trained players. I think teams that go onto the pitch without a single player from their country shouldn't be allowed to compete, and we have lots of that everywhere. that way you have the poor, that create the player, train him, form him, and you have the rich, that just go in and buy him. How many kids dream of playing for their team, and NEVER get the chance, since it's cheaper to buy a foreigner than to invest on forming a national? That, to me, is the biggest problem. Quote Link to comment Share on other sites More sharing options...
areyouavinalaugh Posted October 9, 2008 Report Share Posted October 9, 2008 I can't see them ever implementing anything like this. I found it interesting that of the £3b debts over 1 third of that figure is Man U, Chelsea and Liverpool Considerably more than a third - United's debt is over £700m and Liverpool's is over £300 and gawd know what the chav's owe but it is a lot! And if the Indian (lost track) buys Everton he no doubt will do the same. Just look what Hicks and Gillette and will make if they have problems refinancing and have to sell.Ok not as much as a few weeks ago but still well in excess of £20m each for signing a few bits of paper but not actually investing one cent of their own money. Look at the crook City jumped into bed with - he made £50m so rumour has it and it is also suggested that that absolute most he invested was £20m but nothing is a more likely figure! The authorities will never stop clubs that are in debt competing or the eleven times champions Real Madrid would never been seen in the competition ever again! Quote Link to comment Share on other sites More sharing options...
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