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NYON, Switzerland (Reuters) - Big-spending clubs were warned by UEFA on Tuesday that the frenzy of activity in the January transfer window could affect their ability to meet new financial rules aimed at making them live within their means.
"There is no doubt that transfers made now will impact on the break-even results of the financial years ending 2012 and 2013 -- the first financial years to be assessed under the break-even rule," said European soccer's governing body.
"The clubs know the rules and also know that UEFA is fully committed to implementing them with rigour," it added in a statement posted on its website (www.uefa.com).
UEFA, worried about the health of club finances, introduced its Financial Fair Play plan last year to try and stop clubs spending more than their generated revenue.
Clubs who fail to comply could be barred from European club competition from the 2014/15 season.
Despite the new rules, Premier League clubs Liverpool and Chelsea spent about 130 million pounds ($209 million) between then on four players at the end of the transfer window.
(Reporting by Brian Homewood; Editing by Ken Ferris; To comment on this story: sportsfeedback@thomsonreuters.com)
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"There is no doubt that transfers made now will impact on the break-even results of the financial years ending 2012 and 2013 -- the first financial years to be assessed under the break-even rule," said European soccer's governing body.
"The clubs know the rules and also know that UEFA is fully committed to implementing them with rigour," it added in a statement posted on its website (www.uefa.com).
UEFA, worried about the health of club finances, introduced its Financial Fair Play plan last year to try and stop clubs spending more than their generated revenue.
Clubs who fail to comply could be barred from European club competition from the 2014/15 season.
Despite the new rules, Premier League clubs Liverpool and Chelsea spent about 130 million pounds ($209 million) between then on four players at the end of the transfer window.
(Reporting by Brian Homewood; Editing by Ken Ferris; To comment on this story: sportsfeedback@thomsonreuters.com)
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