The Euroean Union’s Court of First Instance has struck a blow at Uefa’s financial fair play (FFP) rules, reinforcing the widely held belief that the rules lack a strong legal foundation.
The Euroean Union’s Court of First Instance has struck a blow at Uefa’s financial fair play (FFP) rules, reinforcing the widely held belief that the rules lack a strong legal foundation.
The Court has issued an interim order which freeezes the losses clubs are allowed to make at €45m. Uefa had intended to reduce the permitted sum to €30m. This means that clubs will have another £10m to spend on players.
The Court of First Instance has referred the case to the European Court of Justice. However, Uefa has challenged its competence to deal with the matter and is appealing against the ruling.
The case was brought by football agent Dominic Striani and fans of Manchester City and Paris Saint Germain, clubs that have been penalised under the rules.