Rummenigge demands better financial control in football

The former chairman of the Bayern Munich board of directors Karl-Heinz Rummenigge again spoke out in favor of stricter financial control in European football.

“It already exists in the form of Financial Fair Play. You just have to adapt it, use it and demand it more rigorously,” Rummenigge said.

The 65-year-old former German international, who sits on the Executive Committee of the European Union of Football Associations (UEFA) as a representative of the European Clubs Association (ECA), stressed that stricter rules are an “absolute necessity”.

According to Rummenigge, the question lies in the speed with which changes can be introduced and legally guaranteed “in a Europe whose pillars of the market economy include free competition”.

“These regulations I’m talking about are supposed to stabilize competition, not restrict it, and the issue addresses too little from that perspective,” he said.

UEFA’s Financial Fair Play stipulates in principle that clubs participating in European tournaments must not spend more than they earn. However, due to the recent transfers and multi-million dollar salaries paid by the main European clubs, criticism of the system and its effectiveness are increasingly added.

For Rummenigge, a “concrete” catalog of sanctions must be created. “You don’t have to act as crazy, but you have to change some small details.”

K. Tovar

Source: dpa