champions league blow out, pay now or

at 07:34 PM, 1 Mar 10 (7 years ago)
(50 | Newbie) (m)
Chelsea, Liverpool and Manchester City face being banned from entering the Champions League if their debt levels remain, according to a report in the Daily Mail.

European football chiefs are apparently keen to ensure that clubs making huge losses are banned from European competition, meaning that many of England's top clubs would be at risk.

Official regulations are set to be published this summer, aimed at preventing the kind of financial crisis seen at Portsmouth recently. These regulations will also ban the kind of fiscal support offered to Chelsea by owner Roman Abramovich.

And whilst Manchester United - recently revealed to be a staggering £716 million in debt - could escape censure as they are still recording an operating profit at present, the likes of Liverpool and Chelsea, as well as Manchester City, would be at risk of expulsion from the lucrative Champions League tournament.

Chelsea have recently managed to reduce their losses from around £144m in 2006 to £44.4m last year, though their five-year plan to break even under Abramovich has yet to come to fruition, and they would struggle to meet UEFA's criteria at present.

Liverpool owners George Gillett and Tom Hicks are known to be seeking £100m of fresh investment, aimed at driving down the club's £237m debt, but as yet have been unsuccessful. News of £42m-per-year losses, and £36.5m-per-year interest repayments show the kind of financial peril the Anfield club is in.

UEFA's new legislation would come into force in time for the 2012/2013 season, giving clubs two years in which to sort their finances out
Sheenor at 08:07 PM, 1 Mar 10 (7 years ago)
(14726 | Hero) (m)
premier league sucks!!

chicco77 at 10:32 AM, 31 Aug 12 (5 years ago)
(22620 | Addicted Hero) (f)
 Grin Grin
mallorca at 11:57 AM, 1 Sep 12 (5 years ago)
(20709 | Addicted Hero) (m)
nawa o



  1. abrakata on: Controversial OAP, Freeze Calls Out Pastor, Nicholas Uagbor Who Says He May Not See Next Year
    This ppl will continue to hate this daddy freeeze of a mean because he is trying to clear the doubt ... 20 mins ago ago
  2. christiano10 on: Nigeria's Gold Medalist Sprinter, Chioma Ajunwa Becomes Asst. Commissioner Of Police (Photos)
    [quote author=nonsovin link=topic=350225.msg5386516#msg5386516 date=1513106952]BUT WHY NAAW?? WHAT D... 35 mins ago ago
  3. nonsovin on: Nigeria's Gold Medalist Sprinter, Chioma Ajunwa Becomes Asst. Commissioner Of Police (Photos)
  4. fineboy77 on: Nigerians React To Lady, Paul Ujunwa Who Claims She Saw IPOB Leader, Nnamdi Kanu Disguising In G
    Nnamdi Kanu in Ghana?,please let the Nigerian community in Ghana help that girl back home,she is suf... 50 mins ago ago
  5. Marakelvs on: Meet Joy Ezechikamnayo, 14-year-old ‘24-Hours Governor’ Of Abia State (Photos)
    @least is better than d governor busy with statues and giving Commissioner of happiness and couple f... 1 hr ago ago