Reports show that if the new rules had been in place this season two English clubs believed to be Chelsea and City would have fallen foul, but both clubs remain confident that they will be able to comply when the first assessments begin for real next Spring.
Chelsea posted their first profits of the Roman Abromovich era for their Champions League winning season of 2011-2012, but the Stamford Bridge outfit are set to announce losses this year, reports The Guardian. Meanwhile City’s most recent results showed up a loss of £97.9m.
“It is a hell of a lot of money and a very worrying situation that the clubs have the responsibility to take very seriously,” UEFA general secretary, Gianni Infantino said. “It is not about just one club that might go bankrupt, the whole of football cares, because the consequences of a club going bankrupt are felt across the game.
“Everyone knows the rules and when they kick in. They know the rule are that they have to generate revenues to cover their costs without cheating.”
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