New Financial Rules for Premier League


CEO Richard Scudamore says the Premier League’s new financial regulations agreed to Thursday will enhance the sustainability of clubs in the wake of “unprecedented growth”.
“With that growth challenges have presented themselves, and it is of great credit to the clubs that they have always been alive to these challenges and adopted the appropriate governance measures when necessary,” he said in a statement posted to the Premier League’s website.
“Today the clubs have voted in principle for new Financial Regulations that will further benefit the sustainable running of their businesses, while allowing secure owner investment, as well as enhance the reputation of the Premier League as an organization that takes its responsibilities in the governance arena seriously,” added Scudamore.
Thursday’s agreement follows days after UEFA warned that escalating player costs were endangering the European club system.
Among the new rules: clubs with salaries exceeding $82 million can only increase them by $6 million per season for the next three years if the rise is funded through TV revenue, and clubs can only post a loss of $165 million from 2013-16.
”The Government has been clear that we want clubs to be on a secure financial footing for the long-term health of the game,” British sports minister Hugh Robertson said in a statement. ”This is a welcome and positive move.”
FIFA Welcomes Study on Player Transfers
World football’s governing body welcomes the publication of a study on the economic and legal aspects of transfers of players in team sports mandated by the European Commission.
“Through FIFA’s contribution to the broad consultations carried out during the preparation of this study, FIFA, as football’s world governing body, provided, as requested, extensive input on manifold areas of its football governance regulatory framework,” said a Thursday statement on FIFA.com.
Among those areas of input were the functioning and logic behind its Regulations on the Statutes and Transfer of Players, including the principles of solidarity, protection of minors, registration periods, contractual stability, training and education of young players as well as dispute resolution systems.
“While the detailed findings of the study will need to be fully evaluated, FIFA acknowledges with satisfaction that the majority of the proposals contained in the study are already being addressed in the current regulatory framework,” FIFA said Thursday. 
“Equally importantly, the study’s key conclusions reflect that FIFA’s current framework – including the intermediate and regular adjustments that the entire system has gone through over the last decade – is constituted for the good of the game.”
FIFA’s Transfer Matching System has been mandatory for the international transfer of men’s professional footballers ever since Oct. 1, 2010.

Flu Tops PSG for Al Kass Cup

2013 Al Kass International Cup champions Fluminense

Fluminense are the winners of the 2013 Al Kass International Cup after topping Paris Saint-Germain in Thursday’s final at Doha’s Aspire Academy.

Defending champs PSG started the game as slight favorites to secure the U-18 tournament trophy after last year’s win, but fell 4-2 to the Brazilian team led by flying forward Robert Kenedy Nunes.
The two sides also played in the opening group stage of the tournament, with PSG narrowly running out 2-1 winners.

AFC Touts Record TV Ratings

TV ratings for the 2012 AFC Champions League were up 53 percent over the previous year, the Asian Football Confederation announced Thursday.
Australia, China, Japan, Korea Republic and the Middle East were the strongest growth areas, contributing the bulk of the record 262.4 million viewers.
“The TV audience figures for the 2012 season highlight further that football fans in Asia want to watch Asian club football in increasing numbers and they are testimony to the growth within the AFC Champions League since its creation in 2002,” AFC Acting President Zhang Jilong said in a statement.
“We are confident that we can continue to build on the impressive growth that was shown last year and enhance further the AFC Champions League’s position as the preeminent club competition in Asian football.”

Match Hospitality Appoints Caribbean Sales Agent

Cartan Global will serve as the exclusive sales agent of official hospitality packages for the 2013 Confederations Cup and 2014 World Cup in Cayman Islands, El Salvador, Honduras, Jamaica and Trinidad & Tobago as well as an authorized sales agent in Argentina, Paraguay and Uruguay.
“After Cartan Global’s successful partnership with MATCH Services for the 2010 FIFA World Cup South Africa, MATCH Hospitality is delighted to welcome them back as a partner in our global network of Sales Agents,” said Jaime Byrom, Executive Chairman of MATCH Hospitality, the worldwide exclusive rights holder of the FIFA Hospitality Program.
“Cartan’s considerable experience and leadership in the international sporting event world will provide corporate clients and soccer fans alike an experience of a lifetime during the 2014 FIFA World Cup™ in Brazil.”

By INSIDER’s Matthew Grayson


Your best source of news about the global football business is World Football INSIDER

Get Free WFI news bulletins Click Here

Leave a Reply