The storm around FIFA continues to grow as Sepp Blatter is reportedly under investigation by Swiss authorities for violating his fiduciary duties by redirecting funds for the personal benefit of other members. It is thought that a 2005 sale of TV rights to a company affiliated with Jack Warner and a 2011 payment to Michel Platini are at the heart of the investigation.
The BBC has an excellent article covering the report, I suggest you take a read over there. Full article>>
You may have heard about the Financial Fair Play Regulations (FFPR). In the works since 2009, the rules are the sword which UEFA’s Michel Platini hopes will slay the dragon of financial excess in the European soccer economy. The legislation requires clubs to be financially break even or profitable without the help of cozy financing schemes (*ahem* ̶R̶o̶m̶a̶n̶ Sheik Mansour) while also maintaining or improving debt levels. The carrots offered to compliant clubs are reduced costs and financial stability, inducements which fall somewhere between an actual carrot and a package of underwear for Christmas. The stick that will compel clubs to fall in line is UEFA’s ability to deny entry to the Super Cup, the Europa League, and the Champions League. The glory and prizes are enough to give credence to Platini’s message: if you want to play at the highest level you will follow the rules.