Premier League and Ligue 1 to lobby Uefa over third?party ownership
The Premier League will join forces with Ligue 1 to lobby Uefa over the issue of third?party Agatha Ruiz Prada Online Shop ownership and its effect on financial fair play rules.
The Premier League Agatha Ruiz Dela Prada has made representations to Uefa over the fact it believes third?party ownership, banned in England and France but Agatha Ruiz Dela Prada Shoes Sale allowed across most of Europe, unfairly tilts the scales of the FFP regime that came into force this year. It has now agreed to work together with the top Authentic Prada Handbags Outlet Online division of the French football league with a view to lobbying Uefa over the issue, believing that it poses a threat to the integrity of competition and potentially puts English and French clubs at a disadvantage to their European rivals.
They believe the fact that third?party ownership is allowed under the FFP rules means that clubs in Spain, Portugal and Germany can acquire players for a lower purchase price because a third party retains ownership of a proportion of the rights. That value can also be amortised over the length of the player’s contract. The Premier League also believes that clubs are increasingly selling a proportion of the rights in players that they own outright in order to raise funds.
Both practices are allowed under the FFP rules, which Best Prada Outlet In Italy allow clubs to make only a 45m (37m) loss over two seasons, with the “acceptable deviation” figure reducing to 45m over three seasons thereafter.
A Premier League spokesman said: “Third-party ownership is prohibited under Premier League rules as we believe it threatens the integrity of the game. We are aware that it is permitted under Uefa’s financial fair play regulations and that this could create a disadvantage for our clubs competing in European competition.
“We believe that restricting transparent owner equity investment while having no prohibition on third-party player investment seems at odds with the principles of FFP.
“The Ligue Professionelle de Football also restricts third-party ownership and we have had initial discussions with them to consider how we might work together to further highlight these issues at Uefa and Are Prada Nylon Bags Worth The Money Fifa level.”
Third?party ownership was outlawed by the Premier League after the Carlos Authentic Prada Milano Handbags Tevez affair, warning that if the practice became prevalent it could affect the integrity of the competition if individuals or companies owned stakes in several different players at a range of clubs.
The English and French leagues will try to persuade the Uefa president, Michel Platini, that the practice should be outlawed altogether across Europe or that, at the least, the FFP regulations Authentic Prada Handbags Uk should be altered to discourage it. Examples across Spain, Portugal and Germany appear to show the increased prevalence of the practice. An offshore company called Mousehole recently bought stakes in two Hertha Berlin players and Klaus-Michael Khne is said to have paid 12.5m for stakes in the rights of five Hamburg players. According to their accounts, Benfica have raised 44m from selling the economic rights of players to a third?party ownership fund since 2009.
Uefa is understood to have promised to look into the issue. However, insiders at European football’s governing body say they believe the problem is not as significant as the Premier League claims. purse The Premier League and Ligue 1 may lobby for a compromise whereby revenue raised from directly selling a stake in a player cannot be included in FFP calculations.
The much-heralded FFP regime came into force this season, with Uefa accountants beginning to analyse the accounts of clubs who qualify for Europe from next season. Clubs could theoretically be Are Prada Trainers Made In Vietnam banned from European competition in the 2014?15 season, although it is more likely that less stringent sanctions would be applied first.
A series of caveats introduced after lobbying from the European Club Association, including the ability to write off the value of any wages on player contracts signed before the rules were announced and additional credit for Bicester Village Prada Refund showing a positive “direction of travel”, are likely to smooth the introduction of the rules for those clubs facing the biggest challenge to comply. Manchester City, which recently announced annual losses of 194.9m, and Chelsea are among those clubs expected to face the steepest challenge.