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As Chelsea, Madrid, United and City prepare to spend £300m-£400m what happened to Financial Fair Play Rules?

Posted on May 16, 2013 by Eddie S

Rafa Benitez has stated that Chelsea are preparing to spend in excess of £100m this summer and at the same time David Moyes is reputedly going back to his old club for Fellaini, Baines and Jagielka, if true that little lot will cost the best part of £50-£60m plus huge wages on a long contract.

Players like Gareth Bale, Falcao, Cavani and Fernandinho all range in price from £42 m to £70m each and will command huge contracts amounting to something like £50m each. Monaco are one of the teams supposedly leading the chase for Falcao who will cost them something like £100m in fee and contract. Monaco has a wealthy owner but the Financial Fair play rules supposedly being implemented takes no account of that, my understanding is that clubs must aim to pay their way from the monies earned from crowds, player dealings, sponsorship and any other commercial activities. Monaco have just earned promotion from the French second division and operate with crowds of just 18,000 and so how can they even think of such a purchase? PSG are buying expensive players left right and centre and are paying enormous wages and yet every other French club is in financial difficulty and selling players just to reduce their wage bills!

Manchester City will now have a new coach in mind who will arrive and expect an enormous transfer kitty so as to deliver the success expected, each and every one of them will be expensive and demand top wages, the problem that they face, as has been the case for some years now, is that they cannot sell the unwanted stars and cannot remove their huge contracts from the wage bill. United, City and Chelsea continue to have ever increasing wage bills each of them  approaching £200m each year, that expenditure together with the enormous fees paid out cannot be substantiated and we shall wait to see if UEFA have the teeth and bottle to take the promised action.

I suppose we all know that nothing will change in the foreseeable future and the wealthy will roll roughshod over UEFA and the remaining clubs but sometime in the future there will be a price to pay. There has been a little taste of what could happen at Malaga, the owners are extremely wealthy and spent big before appearing to lose interest, the club is now excluded from Europe next season and began an exercise in selling their best players at the end of last season and will continue through this summer.

Until such time as every club has a billionaire owner willing to invest huge amounts there will remain an elite force in every league, fortunately in the EPL there is still a decent challenge most seasons from a few clubs and many shock results due to the strength in depth of the league. Italy is not so far behind but France, Spain, Germany and Scotland are all monopolised by one or two clubs every season.

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