Michel Platini’s UEFA are pushing to ban British clubs like Chelsea from European competition.
UEFA have rubber-stamped proposals to make sure all European clubs limit their spending on wages and transfers to what they earn.
This could affect Premier League champs Chelsea, who have heavily relied on the funds of owner Roman Abramovich. UEFA president Michel Platini said: “I am not against debts – I am against losses.”
The rules, phased in over the next three years, will cap at 45m the amount rich owners can spend to underwrite losses.
Read more: Michel Platini wants to ban Chelsea from Europe http://www.1000goals.com/michel-platini-wants-to-ban-chelsea-from-europe#ixzz0pIdBmuH9
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Saturday, May 29, 2010
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