Football: Bayern chairman urges Uefa to act against PSG over Financial Fair Play
Published on Feb 5, 2014 10:49 PM
BERLIN (REUTERS) - Karl-Heinz Rummenigge has become the latest high profile official to urge European football governing body Uefa to enforce its own Financial Fair Play (FFP) rules, saying it must act against Paris St Germain if there has been any breach of regulations.
The FFP rules, which came fully into force this season after a three year transitional period, in essence state that clubs cannot spend more than they earn from their TV rights, gate receipts, sponsorship and competition prize money revenue streams.
The system allows for some debt, but is designed to stop reckless spending on wages and transfer fees thanks to huge cash injections from wealthy owners.
"I cannot imagine that Paris St Germain are complying with Financial Fair Play," Rummenigge, the chairman of European champions Bayern Munich and also chairman of the powerful European Club Association, told the SpoBis business convention in Duesseldorf, Germany on Wednesday.
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