Kop & Blues will be kicked out of the Champions League
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Liverpool and Chelsea will be kicked out of the Champions League
Chelsea, Liverpool and Manchester City all face the extraordinary prospect of being excluded from the Champions League and Europa League in two years because of the huge financial losses they continue to suffer.
European football chiefs insist they will enforce a ban on those clubs unless they radically reduce their multi-million pound losses.
In trouble: Liverpool's financial problems could see them fall foul of new UEFA regulations
And though Manchester United will escape censure despite their £716million debt, because they are still making a profit at present, Liverpool's precarious financial state means they face a huge crisis if they wish to meet UEFA's tough new rules.
The regulations will be published this summer in a bid to prevent further clubs going into financial meltdown, as Portsmouth have done this week, and will outlaw the kind of support that owners Roman Abramovich and Sheik Mansour have provided Chelsea and City.
UEFA general secretary Gianni Infantino insists that the bodies set up to regulate the new rules will not baulk at throwing out clubs who cannot balance their books, whether they be Real Madrid or Liverpool.
Infantino said: 'It is not our objective to exclude clubs, but if there are rules, it is our objective that those rules will be respected. For this reason we have established the club financial control panel, chaired by Jean Luc Dehaene, who is the former Prime Minister of Belgium. I don't think somebody like him would be afraid of anything.
'They are independent to oversee the rules and pass any potential sanction to the disciplinary committee, which is also independent and which will decide the sanction.
'But the rules will be the same for everyone and of course they will be enforced the same for everyone.'
Unable to help: Roman Abramovich
UEFA's drive for what they call financial fair play is the biggest shake-up of elite football since the formation of the Champions League in 1992 and represents a direct challenge to the Premier League's financial model, which has allowed excessive borrowing and rich benefactors to fund many clubs, factors which caused the demise of Portsmouth.
The renewed threat from UEFA, who will finalise their new rules this summer, will wholly undermine Manchester City's plans to spend further millions this summer.
City recorded a loss of £92.6m last year and that figure is likely to balloon still further after the extraordinarily expensive signings of Gareth Barry, Emmanuel Adebayor, Carlos Tevez, Joleon Lescott and Kolo Toure.
UEFA are likely to demand that by the time the 2012 regulations come into force, City are on course to break even, which seems highly unlikely, unless they slash their wage bill and decline to enter the transfer market.
Liverpool, too, are at huge risk given that last year they posted losses of £42m and had to pay £36.5m interest on their debts, which the Anfield club claim have now been reduced from £350m to £237m.
UEFA will give clubs two years to put their accounts in order and will allow a transitional period in the first two years of the scheme, but they insist that clubs such as City and Liverpool cannot simply continue as they do now and expect to be cleared for competition.
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Man City and Chelsea financial losses ?
Maybe MU and Liverpool la , Man City and Chelsea ????
Funny .
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Reported by a ManU fan in disguise. can see?
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well, just clamp on all english clubs then.. it is not like they never done it b4..
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Originally posted by Poolman:
Man City and Chelsea financial losses ?
Maybe MU and Liverpool la , Man City and Chelsea ????
Funny .
i think it is not about the debt, but the balance sheet at the end of year, but I do agree, MU should not be included if their debt is so big.
one minor pt, liverpool can qualify huh??
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they should have tackled the problem long ago.
a bit too late to do anything now.
will the premiership implode?
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Originally posted by Poolman:
Man City and Chelsea financial losses ?
Maybe MU and Liverpool la , Man City and Chelsea ????
Funny .
Yup, They are suffering losses every year and it's their owners who bail them out every year.
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I find it rather amazing why some people can't even understand a simple report / story like this one... Being rich or having rich owners has nothing to do with making a yearly financial loss... The rule being put in place is, clubs have to live within their means and not by financial assistance given from their rich owners... If a club spend more $$$ than what it makes over a financial year, then it's consider a loss, simple as that.
UEFA is putting this new rule in place in order to ensure clubs doesn't get into financial trouble trying to compete with one another...
This isn't new, this news have been going on for like a year now and it will only start to take effect in 3 to 4 yrs time... Therefore clubs still have time to get their act together...
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Sigh... as a life long Kop fan... all I can do is sigh... this sucks man... with this season being so crappy and now this...
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write so long when just a couple of words kinda sum it up.. the balance sheet in the end of the season must says that they didnt lost so much money