Platini Backs Football League Financial Plans
Monday, 13th Jun 2011 17:00
UEFA president Michel Platini has backed the Football League’s move to adopt UEFA’s Financial Fair Play framework at last week’s summer conference. Chief executive Simon Clegg represented the Blues at the conference, which was held in Cyprus.
Football League clubs agreed to develop measures which will lead to a ‘break-even model’, meeting the objectives of UEFA’s framework.
League Two clubs already operate what’s called the Salary Cost Management Protocol (SCMP) which limits player wages to 60% of turnover, which they will reduce to 55%, while League One clubs will also adopt the SCMP.
Championship sides have opted to move towards the introduction of “new regulations to be developed and approved” by the beginning of the 2012/13 season.
Platini welcomed the developments: "We are very happy to see that Football League clubs, under the umbrella of The FA, are again taking the initiative on good governance issues by introducing Financial Fair Play.
"We are delighted that enlightened football bodies across the continent are trying to restore financial sanity to football on a national level, just as we are trying to do on a European level."
Town’s accounts to June 2010 showed player and coaching costs of £13.45 million, which was 85.3% of turnover. Overall staffing costs were 108.1% of turnover.
Get a free £25 matched bet on Ipswich Town v Brighton and Hove Albion (or other matches) by opening a new account at William Hill. Place an initial bet of a minimum of £5 and William Hill will match that bet up to £25. You must enter the promotional code "F25" when signing up as a new customer.
Please report offensive, libellous or inappropriate posts by using the links provided.
You need to login in order to post your comments
Blogs 212 bloggers
Fortuna Favours the Brave by stevieiriswattii
So, who is actually happy with style of football we are playing? Do people really believe we will get promoted playing like this?
Are We The Fans Willing to Start Again? by BackTheBlues
So we’re at the end of September, a pretty average start in terms of points, but on the back of a relatively promising transfer window.
Are You Moaning or Giving Your Opinion? by ipswich134
Someone said I am entitled to an opinion, what is an opinion? If an opinion is what you see and feel, or for something to be done in another way - please say it! However, do keep in mind what you say.
The Fruits of Stability by SpiritOfJohn
Another busy midweek of Championship football has gone by and once more we start to look forward to Saturday with a mixture of hope and trepidation in one of the most ‘bonkers’ leagues in the world.
Reading's Penalties and How They Show Glaring Flaws in the Laws of the Game by BlueRaider
For a while know I have been thinking that there is something badly wrong with the laws of football, and this season's clampdown by officials at corners and freekicks has only clarified this further.
Ipswich Town Polls
[ Vote here ]