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 two free £10 bets on Ipswich Town v Brentford (or other matches) by opening a new account at William Hill. Place an initial bet of a minimum of £10 and William Hill will give you two £10 bets. You must enter the promotional code "F20" 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 182 bloggers
Top Six Might Be More Realistic With This One-Dimensional Squad and Stubborn Manager by Pickersblue22
Sunday’s 2-0 defeat at Norwich was both painful and disappointing. It is never nice to lose to your arch-rivals, especially given our recent record against them, but in many ways, this game re-affirmed what we already know about Town’s shortcomings.
If Statistics Won Games: Nrocwih 0-2 Ipswich by Kropotkin123
In honour of Fabian Wilnis, If Statistics Won Games will not be losing to them lot, no matter what!
The Sixth Day is For Football by sjiholliday
In 1994, I watched Dundee United beat Rangers in their first ever Scottish Cup Final win. My dad, a lifelong Rangers fan, wasn’t best pleased.
If Statistics Won Games: Ipswich 2-0 Reading by Kropotkin123
This international edition comes straight from France. So in the spirit of the occasion, crack open a bottle of Bordeaux, stick a tartiflette in the oven and soak up the oelignanthic atmosphere of this winning edition of If Statistics Won Games.
Ipswich Town Polls
[ Vote here ]
TWTD.co.uk Story Archive