Bayern Munich chairman Karl-Heinz Rummenigge is against FFP scrapping. He is opposed to the elimination of UEFA’s Financial Fair Play (FFP) model and has called for stricter penalties against clubs that breach the rules. Owing to the continuing effects of the coronavirus pandemic, UEFA’s FFP rules, which were approved in 2010 to prohibit clubs that apply for its competitions from investing above their means, appear likely to experience major revisions.
In the light of the revenue crisis triggered by covid-19, UEFA has declared the break-even requirement, which allows clubs to balance their spending with their profits and limits debt accumulation, “purposeless.”
FFP scrapping is completely by Rummenigge. Changes to those particular regulations could be on the way, but although Rummenigge sees the value of those changes.
“You’re allowed to lose €30 million (£25.8 million) over three years right now, . You can’t even buy a player for that kind of money, so it’s worth investigating whether that can be reasonably changed,” he told The Athletic of the break-even law.
UEFA is reportedly scrapping Financial Fair Play (FFP) and will replace it with a new system of financial control which will give clubs more freedom over their spending. (Source: @tancredipalmeri) pic.twitter.com/MKshEeskUq
— Transfer News Live (@DeadlineDayLive) March 24, 2021
Rummenigge, on FFP in general, added: “Things were spiraling out of control, with several clubs losing money in the past. FFP has resulted in a more realistic attitude. By pushing clubs to invest wisely, and as a result, football has become lucrative. We can’t get to the stage where only billionaire-owned clubs can compete.”
Rummenigge and the Bayern leadership have long been outspoken. In their dedication to a self-sustaining business model, and he wants FFP modified. So that clubs that do not operate by their means and break rules risk tougher fines.
“The new FFP isn’t quite correct because the penalties don’t work. The definition is not clear enough; everything is a gray field. Clubs that break the rules in the future must face much tougher punishments. This time, we have to make things right. Wise people are taking a look at it,” Rummenigge said.