The Financial Fair Play (FFP) project leader, Andrea Traverso, has insisted that it is not dead.
Critics have questioned AC Milan’s €200 million ($240m) spree and how
Paris Saint-Germain could squeeze a €220m ($258m) pursuit of
Barcelona’s Neymar by the UEFA rules.
“Certainly FFP is not dead and we will, for sure, reinforce the rules
going forward,” Andrea Traverso told The Associated Press at UEFA
headquarters.
“We have continuous dialogue with the clubs. They are all aware of the rules.”
Traverso noted that FC Porto was sanctioned last month, after they
overspent on first-team budget targets. UEFA deducted €700,000
($820,000) prize money and limited the squad to 22 instead of 25 senior
players in this season’s competition.
UEFA’s independent club finance panel, praised the 27-time Portuguese
champion’s “realistic financial and business plan” and expects
compliance by 2020.
FFP has been in play since 2011.
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