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E L I T E 16

Fair Financial Play

Omar Khalid, 4th Year, Economics

After Manchester City dominated the local titles However, many clubs penetrated these rules in
for two consecutive seasons and in preparation different ways, such as Milan, who spent more
for the continental competition in the than 200 million euros in the summer of 2017 in
Champions League, the wind came as the ships the hope of entering the club for the
did not desire the European Union penalty that Champions League and obtaining advanced
fell like a thunderbolt on the Manchester City positions from them, he will receive returns
project confused all accounts for the team after equivalent to what was spent, but this did not
the team was deprived of participating in happen and the club was subjected to
European competitions for two seasons in punishment European League exclusion in
addition to A fine of 30 million euros as a result addition to the club falling in debt and selling it
of the club violating the rules of fair financial to the Elliot Fund, also Chelsea broke the rules
play, despite the club's appeal against the in contracting with under-age players illegally,

decision, but the impact of this decision cast a which resulted in Chelsea under the penalty of
shadow on the future of the club, which has being denied contracting with players
become unknown
for two seasons, but then the matter was
The club's violation of the rules of fair financial reduced for one season and There are many
play is the reason for the sanctions, but what is clubs that have fallen And the erosion of those
the idea of these rules? rules was the last of Manchester city
The rules of fair financial play were intended to The case began to appear from the German
be the clubs ’revenues as a reward for their newspaper "Der Spiegel", which revealed in a
expenses and to ensure that there is no deficit in series of leaks known as "Football Leaks" about
the clubs’ budget, and aimed to prevent the idea a message from the club's economic director,
of borrowing clubs from other clubs, in addition "Jorge Schumelas", in which he requested to
to that they forced the clubs to pay attention to obtain liquidity worth 67.5 million pounds from

the junior sector in the clubs, because buying the sponsoring company "Etihad Airways". The
players will lead to an occurrence Somehow sponsorship contract between the club and the
deficit, it was an attempt to save club expenses. company provides for the payment of 8 million

issue 18, April 2020 #Stay_at_home