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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 determined1 to limit the lavish2 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 deficits3.
Under the new rules they will have to break even. Clubs will not be allowed to spend more money than they generate. Rich benefactors4 will no longer be allowed to subsidise expensive transfers and salaries. Those clubs which consistently operate outside the parameters5 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
1 determined | |
adj.坚定的;有决心的 | |
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2 lavish | |
adj.无节制的;浪费的;vt.慷慨地给予,挥霍 | |
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3 deficits | |
n.不足额( deficit的名词复数 );赤字;亏空;亏损 | |
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4 benefactors | |
n.捐助者,施主( benefactor的名词复数 );恩人 | |
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5 parameters | |
因素,特征; 界限; (限定性的)因素( parameter的名词复数 ); 参量; 参项; 决定因素 | |
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