logo
My Profile

Rummenigge: ‘The current FFP doesn't quite get it right’

Wed 07 April 2021 | 10:58

UEFA could change the FFP regulations significantly but Karl-Heinz Rummenigge does not want to see the model scrapped and believes even tougher sanctions should be imposed on the clubs that violate the rules.

In 2010,

UEFA

approved

Financial Fair Play (FFP)

model in order to prevent clubs that qualify for its competitions from spending beyond their financial resources which means that clubs are required to balance their spending with their revenues to restrict the accumulation of debt.

Now in the context of the revenue crisis caused by COVID-19, UEFA has declared that the break-even requirement is “purposeless” and it seems the model is set for significant changes.

Bayern Munich

chairman

Karl-Heinz Rummenigge

has disagreed with the changes and believes even tougher sanctions should be imposed on the clubs that break the rules.

He told The Athletic of the break-even rule:

"Right now, you're allowed to lose €30million (£25.8m) over three years.

"You can't even buy a player for that kind of money, so it's worth looking into it if that can be sensibly adjusted."

However, on FFP as a whole, Rummenigge added:

"Things were spiraling out of control, with many clubs losing money in the past.

"FFP has led to a more rational approach, by forcing clubs to budget sensibly and it has made football profitable as a result.

"We can't get to the point where only clubs owned by billionaires can compete."

Rummenigge and the Bayern hierarchy have talked about their commitment to a self-sustainable business model for a long time, and now he wants to see FFP changed so that it could impose harsher penalties on the clubs that “violate the rules”.

"The current FFP doesn't quite get it right, because the punishments don't work," Rummenigge said. "They're not well defined enough, it's all a grey area.

"Clubs who violate the rules in the future must face much more severe sanctions. We need to really get it right this time. Smart people are looking at it."


source: SportMob