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Ceferin: “We need to update the rules of Financial Fair Play”

Karim Bouaicha by Karim Bouaicha
21 May 2021
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Ceferin: “We need to update the rules of Financial Fair Play”
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The UEFA president Aleksandar Ceferin has spoken after the publishing of "The European Club Footballing Landscape" by the Union of European Football Associations, as reported by alfredopedulla.com. Here are his words:

"In last year's report, I said that European football was strong, united, resilient and ready for new challenges. But no one could have predicted that we would have to face the greatest challenge for football, sport and society in modern times. However, thanks to nearly a decade of regulations on Financial Fair Play, European football could hardly have been in better financial shape before the emergency. The entire football ecosystem, professional, amateur and youth, has been severely disrupted by the pandemic. This requires deep cooperation and a coordinated response across the football pyramid. Solidarity, not self-interest, must prevail and will win. This report clearly shows that we are now operating in a new financial reality, and it is becoming clear that our current Financial Fair Play regulations will need to be adapted and updated. Financial sustainability will remain our goal and UEFA and European football will work as a team to equip our sport with new rules for a new future."

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Karim Bouaicha

Karim Bouaicha

Editor www.milanreports.com

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