Monday, October 13, 2014

Financial Fair Play: Very rewarding Roundtable Platini – France Info

Foot media365.fr Monday, October 13, 2014 10:18 p.m., updated Monday, October 13, 2014 at 11:26 p.m.

” Today’s meeting was very constructive and showed once again that the main stakeholders in Europe are ready to work together to create a healthy financial environment. We managed to reduce the accumulated losses of European clubs and stabilize the finances of European football. We must now work together to ensure that clubs can grow and prosper. And discussions today were an encouraging step in this direction. “Extremely satisfied, Michel Platini gave an equally positive outcome of the roundtable held Monday to UEFA headquarters in Nyon (Switzerland), against the backdrop of reflection on the financial fair play. A meeting at which were represented many European clubs (Olympiacos, Ajax Amsterdam, AC Milan, Bayern Munich, Manchester City, Zenit St. Petersburg, Juventus …) with French side Lyon and PSG. But representatives dela English Federation of the German League or even FIFPro Europe had also traveled to Nyon. A massive presence welcomed by UEFA as “support of key stakeholders of European football.”

Subsequently, the European body rubbed his hands in a statement. “Possible improvements of the system were also discussed, and wide range of topics were discussed, including investment property, the level of debt clubs, frozen systems, the fair value of related party transactions, the diversity of financial and legal situations between countries and the potential benefit of the clubs who have not played any European competition last season. “At the end of the roundtable, UEFA said he was ready to” discuss possible amendments to the provisions and their future evolution. “Our colleagues from Canal Supporters report that were on the agenda of the roundtable the club debts, investment property, the fair value of related party transactions, the advantage of non-registered clubs in European competition the previous and the variety of financial and legal situations in different countries season. Since the recorded Monday (UEFA calls for “full and frank discussions”), other committees such success should emerge. With perhaps one day in perspective a reconciliation between UEFA and the clubs around this new rule so disparaged by wealthy investors.

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