http://blogs.reuters.com/soccer/2010/01/27/uefa-to-call-time-on-loss-making-clubs/ World Soccer views and news Sun, 26 May 2013 02:54:15 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/soccer/2010/01/27/uefa-to-call-time-on-loss-making-clubs/comment-page-1/#comment-354676 scoteee Thu, 06 May 2010 11:42:44 +0000 http://blogs.reuters.com/soccer/?p=15589#comment-354676 clubs that want to avoid this will no doubt find a financial loop hole in order to offset percentage variance against revenue (profit) and spending. I don't see that it will control the huge amounts spent on transfer fees and wages for the likes of Man city for example which in turn will only go to perpetuate Uefa's initial concerns.Where there is money to be made there are answers to questions... clubs that want to avoid this will no doubt find a financial loop hole in order to offset percentage variance against revenue (profit) and spending. I don’t see that it will control the huge amounts spent on transfer fees and wages for the likes of Man city for example which in turn will only go to perpetuate Uefa’s initial concerns.Where there is money to be made there are answers to questions…

]]> http://blogs.reuters.com/soccer/2010/01/27/uefa-to-call-time-on-loss-making-clubs/comment-page-1/#comment-352524 Anto Wed, 27 Jan 2010 21:14:03 +0000 http://blogs.reuters.com/soccer/?p=15589#comment-352524 When Roman Abramovich made Chelsea virtually debt-free last month by converting 340 million pounds of interest-free loans owed him by the club into equity, many said Chelsea was putting itself ahead of UEFA’s financial fair play plans. But some bloggers raised doubts Abramovich was instead trying to make his club more attractive to potential buyers. And they added other top clubs might come into line. Chelsea were quick to quash fans’ concerns by saying the Russian’s move “demonstrates the continuing commitment from the shareholder to the group”. Is selling an unfair way to save a club? When Roman Abramovich made Chelsea virtually debt-free last month by converting 340 million pounds of interest-free loans owed him by the club into equity, many said Chelsea was putting itself ahead of UEFA’s financial fair play plans.
But some bloggers raised doubts Abramovich was instead trying to make his club more attractive to potential buyers. And they added other top clubs might come into line.
Chelsea were quick to quash fans’ concerns by saying the Russian’s move “demonstrates the continuing commitment from the shareholder to the group”. Is selling an unfair way to save a club?

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