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 bet on Ipswich Town v Fulham (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 with a free bet of 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 168 bloggers
A Lack of Spending Will Curtail Progress by Nuggets
At a time when Fulham have just spent £11m on a striker with no Premiership experience, it's a little disconcerting to see Mick McCarthy announce that the club are relying on freebies and borrowed players once again this term.
Where Do Mick's Intentions Lay? by Mullet
The transfer window is barely open and the club isn't so much gently sucking in the fresh air of inevitable squad change, but blowing out the cobwebs with gusts of activity.
At All Costs? by RaymondovicBlue
OK, so Luis Suarez is an amazing football player. But for his return to fitness and brilliance we might still be in the World Cup! ('might' is a big word).
World Cup 2014 Overall Table at the End of the Group Stage by KBsSocks
I don't think I need to say anything here. I'll just present the overall table as the teams leave the group stage, as I've not seen it elsewhere:
Curse of the Commentator by TheBlueStig
While watching the World Cup coverage from sunny Brazil this summer on ITV and the BBC, I’ve realised a former footballer doesn’t always make quite the same impression when trying his luck at a bit of punditry.
Ipswich Town Polls
[ Vote here ]
TWTD.co.uk Story Archive