A PYMNTS Company

UEFA and European Commission issue joint statement on state aid and football clubs

By  |  March 22, 2012
UEFA and European Commission issue joint statement on state aid and football clubs

Joaquín Almunia, Vice President of the European Commission for competition policy, and Michel Platini, UEFA President, issued a joint statement on the interaction of professional football of Financial Fair Play (FFP) rules and state aid. Almunia remarked upon concerns that European football clubs were becoming increasingly indebted, and that public support–especially for inflated wages for players–would distort competition. Under EU state aid rules, public support must be notified to the European Commission; however, only a few measures have been notified. The joint statement announces cooperation between the Commission and UEFA for such competition issues, as well as fiscal treatment of clubs.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full content: EC Press Release

     

    Related content: The State Aid Action Plan: A Bold Move or a Timid Step in the Right Direction? (Frederic Jenny, ESSEC Business School)