UEFA’s head of Financial Fair Play, Andrea Traverso spoke to Gazzetta dello Sport on the Milan clubs FFP situations: “Milan will not be an exception to Financial Fair Play, because no club enjoys an exception. Certainly Milan can’t just do what they want, if they’re buying it’s because they intend to return to high levels.”
Traverso then discussed the difference between the Nerazurri’s situation to the Rossoneri’s: “The difference with Inter? It’s hard to explain, but for one thing Milan weren’t in Europe and therefore weren’t subject to FFP. The market isn’t over, the sums will add up in the end.”
Traverso concluded with an overview of FFP: “The rules are the same for everyone, if a club buys then we’ll assume they’ve balanced the accounts. If not, they’ll be punished, but we can’t stop them buying. We’re pleased with FFP, we’ve achieved unprecedented results over the past few years. In 2010 football lost €1.7bn, now it’s under €300m. The system is growing, it’s financially sustainable… but… in the last two years something unpreventable has changed. The rich are richer and the poor are poorer. The world is going in that way, and football is no exception, but football isn’t an industry like any other, it’s a competition.”
Source: FCInterNews.it
So I read an article on sofoot.com that basically explains everything. Im gonna sum it up for y’all.
1. Serie A 2013-14: Inter finishes 5h and qualifies for EL. Milan finishes 3pt behind and is not qualified for Europe.
2. Both teams are having massive deficits. Milan even more than Inter. Both over 100M in the red for the season 2014-15.
3. Since we are playing EL during that season, we sanctioned by UEFA for breaking FFP rules. We signed an agreement with UEFA for the seasons 2015-2019 during which time we have to break-even.
4. Last april, UEFA concluded that we have “partially respected our goals for 2016-2017”, consequently, “transfers restrictions are uphold”. We also needed to find 30M before the end, which we did.
5. Milan didn’t qualify for Europe since and are there not under FFP restrictions.
6. Finally the biggest bs, since then the FFP restrictions have changed. Clubs with new owners and that didn’t get sanctioned the previous 3 seasons – two conditions that applies to Milan – can now have derogations during the first years, under the condition that they present a viable plan to develop revenues. Milan has to present it in October.
Fml, if we just didn’t qualify for that stupid EL in which we didn’t do shit, we’d be able to really feel suning’s financial might. Nonetheless, they should starting making concrete moves for a stadium. Technically UEFA should be encouraging that since it’s the greatest way to increase revenues.
BS at its finest.
I’m telling you. And the guy wonders why the rich clubs are getting richer and the other poorer lol.
And circumventing the stupid FFP with those shady “sponshorship deals” that PSG and City do probably costs them more than if the owners just paid the costs transparently from their own pockets. But now it all kind of looks nice from the outside, but everyone knows the system is full of horse shit.
Well, then we just have to exploit the system though. We know Milan are doing it, why aren’t we?
I think Suning are doing that to certain extent with Pinetina sponsoring which is something like 15mil I guess. Probably they do more, but the point is this sponsoring yourself thing is fucking stupid product of FFP and makes the whole system look ridiculous.
Qatar Sports Investments (QSI) funnels about 200M/yr to PSG through sponsorship deals, they wanted to do even more but I guess that is the cap UEFA has tolerated.
QSI and PSG have the same owner, the Emir of Qatar… Lol go figure..
Totally against the spirit of FFP, but the boys at UEFA probably think they are doing amazing job lol.
FFP is “working” in the sense that some clubs with rich owners do not spend as much as they can. The problem is, those with low ethical moral don’t give a crap about FFP and find ways to spend 200M/yr nonetheless. Those who comply with FFP will finish last (or mid-table) and that’s where we find ourselves with Inter.
As ethically questionable as breaking FFP might be, that’s the only way to join back the Europe top 10 club.
Well, you can do good like Dortmund if you have top managers, but yes, top ten requires money doping. This system should be revised or just disbanded. UEFA is acting like football clubs couldn’t survive before their precious FFP was introduced. That’s not the case. The statement that before FFP football lost 1,7 billions and now 300 mil is pure BS. If you count in these artificial sponsorship agreements the number is probably the same or even more.
Well…what FFP actually allowed is for clubs like City and PSG to become big, so I don’t agree that FFP made it harder for new big clubs to emerge.
FFP is however meaningless because it allowed cheaters to sneak through the system in form of 200M/yr sponsorships, and the only way for Inter to get back to where we used to be, is to pull off cheats ourselves.
It allowed them and they would have emerged anyways. But I meant that it doesn’t allow sane investment with sane losses (whatever that might be in todays crazy football world) without money doping, because of the immediate penalties that the investing clubs will get – and I’m not talking about Milan lol. More like Sunings situation with Inter where they have to do all kinds of unnecessary crap like sponsoring Pinetina and struggle with possible penalties like getting thrown out of European competitions if they happen to invest a little too much.
Getting thrown out of European competitions is the fear that’s just overblown in my opinion. As far as I know, the only club that got tossed was Malaga; when they can’t throw out then-minnows City and PSG, there’s little-to-no chance Inter get thrown out.
In any event, if we are serious about complying with FFP then the first thing we need is the new stadium. Renting Giuseppe Meazza just won’t cut it as our gate receipts continue to get sucked by the city of Milan.
Getting our own stadium is just so damn hard, because of Italy’s crazy system. And even when we get the stadium it won’t make everything great all the sudden, although it will bring in more revenue of course.
But like I wrote afterwards to my last post growth requires investment and at its worst FFP discourages investment. You can get growth also by investing in players.
Yeah, but how do you invest in players without revenue? And when we’re eaten alive by the city of Milan because we don’t own the stadium, this is like sprinting with 60kg weight attached to our tail.
Either we cheat our way through FFP like City / PSG / Milan, or we build the stadium & increase revenue, or both – is the way to go here. Complying with FFP and have mediocre squad year in and year out is the worst way possible.
I agree with everything you said. My main point was just that FFP is not really doing half what it was supposed to do and it also hinders competition. I wish UEFA could come up with something more productive system than this. The salary cap in U.S. leagues works better, but you can never apply it to European football probably. But one would think those UEFA deciders had money to hire some bright and creative people who could invent a better and fairer system than the current one? But probably they won’t, because they are UEFA lol.
FFP is failing because they failed to crack down on shady sponsorship deals, like Qatar Tourism Authority making 200M/yr deal with PSG. Everyone knew this was their way to legally supply money into the club, and UEFA failed to say no to this.
No system works without proper enforcement.
we still wouldn’t buy shit our owners are cheap
But they are businessmen and I imagine they understand the most profitable teams have the top players.
chill out man if our owner are cheap surelly they will buy other team that are less expensive not our team
300 mil for 100% ownership is not cheap in my opinion
300m wont even buy u neymar and mbappe together
I agree that the stadium is the most important thing for Inter long-term. Screw fixing Giuseppe Meazza – as long as the stadium is owned by the city of Milan, there is no way we’ll get favorable terms as owning one.
FFP is a joke… i hope somebody have the ball to stop this stupid rule..
ok I understand so we are not in Europe now so we should be able to buy everyone right? or is gona be some dump algorithm involved that Einstein don’t even understand
“for one thing Milan weren’t in Europe and therefore weren’t subject to FFP.” This doesn’t even make sense. Unless they flop the EL qual, they will be in Europe this upcoming season, therefore Milan should be under more scrutiny than Inter here.
this ffp is a total joke city spent 140m just one two fullbacks and add many more spending to it like silva and them
Well, they got penalized with fines and shortened bench (could not register some players). However they kept throwing money at it, the club got big, more revenue and now they’re in compliant with FFP.
Inter should be doing the same. The worst thing is to comply with FFP and stay stagnant.
Exactly. Pay the fines and fuck FFP. Buy stars to increase revenue. PSG doesnt own the stadium and use to be broke, they only got this big now because of Ibrahimovic and other stars that makes the club popular.
The whole world is corrupt, what makes you an exception?
the US bombs all countries and tells them they cant have bombs to defend themselves
Last time I checked the US only ever bombed a single country.
wtf? maybe u mean only one country is left that they didn’t bomb
Go take a history lesson, you obviously have no clue what you’re talking about.
Man shut the fuck up
you are as dumb as your president
Err, and what country would that be? Iraq, Afghanistan, Syria, Vietnam, Korea (before the separation of North and South Korea), Germany, Japan…?
Japan. Bombing and air strikes are two very different things.
So the US didn’t bomb Vietnam with napalm eh? News to me..
They destroyed the iranian passenger airplane and killed like 400 people and said it was a mistake and the commander that did it got a medal of honor, Nato did nothing about it because they are with them, then nato found them guilty of supplying saddam with chemical weapons and they vetoed it because they are the only country that can veto the Nato, dont forget what they did all over africa with ghadafi and libya, and they are the creator of isis they gave them all their weapons to defeat assad and they got so powerfull they turnt on the us, also japon attacked a military base and usa nuked tgeir civilians killing milliins in seconds, also the ussr wars was their plan
..Pakistan, drones…1953, Iran MI5+CIA now officially admitted..
semantics…
UN bombing should also add to this number. Tactical placement of nukes around the world is worth mention, they are used to force with fear…. Not much worse than the actual act of bombing…
US has had a total of 4 years with no active war since 1776…
Pieces of shit
UEFA = MAFIA
Your shithole system works so well that Real, PSG and other clubs can spend 200 mil each window like it’s $20 while other clubs are stuck in limbo.
Never designed to help anyone but themselves. Typical money hungry aholes
maybe PSG Real net income around 1 Bil