Football Financial Future
As reported by FC Business, Football League clubs took a huge step to self sufficiency when they agreed to the implementation of Financial Fair Play (FFP) regulations last week. Based on the UEFA model, Championship clubs will have until the 2014/15 season to get their house in order or face stiff penalties.
Leagues One and Two will also introduce a version based on limiting a club’s spending on player wages as a proportion of total turnover. A similar rule has been in place in the League Two for a number of years now.Clubs will now need to focus their attention on maximising their commercial revenue streams and with Football League TV money due to fall from next season the fear of a two-tier Championship featuring those with Premier League parachute payments and those without could skew the competitive balance of this league.