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Monday 20 October 2014

Financial Fair Play was against Chelsea,says Platini

Thegoalmac can reveal that Uefa president Michel Platini has dismissed the idea that Financial Fair Play (FFP) does nothing other than maintain the status quo within European football.

The regulations were introduced in 2011 to curb the increasing expenditure of the continents' clubs so as to lessen the risk of bankruptcy.

It was also hoped that the more stringent financial rules would create a more egalitarian system in which those clubs that adhered to a more sustainable business model could compete with those funded by billionaire benefactors.

It has been alleged that FFP has inadvertently strengthened the position of the traditional superpowers but Platini insists that Uefa has achieved exactly what it set out to do.

"Fair play was a demand from all clubs and investors who said they could no longer pay and asked me to do something and make rules," the Frenchman told beIN Sports.

 "It was originally against [the likes of Chelsea owner Roman] Abramovich.

"The first meetings lasted more than a year. We then gave clubs four years to get in line with the rules. Now the first sanctions have fallen and have been accepted by everyone.

"We recently discussed whether to develop FFP and there may be new proposals in May.
"Debts are part of the taxation of everyone, not just the newly rich clubs.

"Many more investors will come, though only if there is Financial Fair Play because they would not agree to losing money."

Paris Saint-Germain have spent heavily since being taken over by Qatar Sports Investments in 2011 and were among the first clubs to be penalised for breaking FFP regulations.

Platini denies, though, that the Ligue 1 champions have essentially been punished for trying to establish themselves as a force in Europe.
"We have not blocked anything," the Uefa supremo declared.

"That's evidenced by the fact that PSG bought a player for €60 million this summer (David Luiz) and that they beat Barcelona [in the Champions League this season] without [star striker Zlatan] Ibrahimovic and [captain] Silva.

"PSG just had accounting problems in how best to manage their money. It was nothing unlawful."

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