New rules announced by both UEFA and the Premier League are meant to curb football's financial excesses. but, as Mark Brophy points out, they might not have that much effect on the big clubs
UEFA’s impending Financial Fair Play regulations have met with seemingly universal approval. Starting in 2012, clubs who fail to comply with the rules laid down will be barred from European competition. Clubs spending more than the income they generate will fall foul of the rules, as will those which spend more than 70 per cent of turnover on wages, have unsustainable debt or fail to pay debts on time. At the same time Premier League rules limiting squad size to 25 with eight places reserved for homegrown players have come into effect for the new season, again to general acclaim.