AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 No Change 0 (0%)
BR30 36,377 No Change 0 (0%)
KSE100 109,513 No Change 0 (0%)
KSE30 34,513 No Change 0 (0%)

UEFA president Michel Platini on Friday called for "global reflection" on the financial problems facing football. "My message for football is alarmist: red lights are flashing, we cannot live with billions of euros of deficits without paying the consequences one day or another," he said during a press conference in Monaco.
"You can see it at the moment: players are not paid, transfer fees are not paid. We have to get around a table, and not just UEFA - it has to be a global reflection on professional football. "I'm not very reassured by what's happening (player strikes in Spain and Italy). I'm afraid for our football, that things go badly for some people.
"Normally I have a good sense for these things, so we need some very serious reflection on this subject." UEFA's financial fair play rules, obliging clubs to break even, come into effect this season but Platini, who pioneered the initiative, admitted that it would not be a cure for all of European football's ills.
"Financial fair play will only affect clubs involved in UEFA's European competitions, some of the big clubs, but sooner or later we'll have to address the situation for the national competitions, because some leagues are not in control of their finances," he said. Platini, re-elected as head of European football's governing body in March this year, refused to answer questions on whether he intends to run for FIFA president when Sepp Blatter steps down in 2015.

Copyright Agence France-Presse, 2011

Comments

Comments are closed.