It should certainly have made it harder for City to climb to the very top and the latest measures are making life a little more difficult for Newcastle since they were taken over by Saudi Arabia’s Public Investment Fund (PIF).
But it’s hard to disagree that something seems a little out of kilter when owners trying to throw money into a club are halted, while the Glazer family can pile debt onto United and never put a penny of their own money in without raising so much as an eyebrow at the headquarters of UEFA and the Premier League.
In introducing new cost control rules last April, UEFA pointed out the “extraordinary improvement” in the finances of clubs since financial regulations were first introduced in June 2010. The new measures involve a cap on losses over a three-year period and a squad cost rule that aims to restrict spending.
This story is from the June 30, 2023 edition of Manchester Evening News.
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This story is from the June 30, 2023 edition of Manchester Evening News.
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