Man Utd chief executive David Gill believes UEFA must hand out 'appropriate sanctions' in order for Financial Fair Play to work.
Chief executive confident United will meet UEFA criteria
Manchester United chief executive David Gill believes UEFA must hand out 'appropriate sanctions' in order for Financial Fair Play to work effectively.
UEFA is keen to reduce the debt burden on European clubs and new rules have come into effect this season, with a three-year transition period for teams to break even.
A limit on maximum losses has been set as UEFA tries to ensure clubs do not spend more than they earn and possible punishments from 2014 could be exclusion from the Champions League or Europa League.
Full details on the sanctions imposed on clubs who break the rules have yet to be published, but Gill is adamant that there needs to be a proper deterrent.
"I don't think an official report has come by UEFA," Gill told
Goal.com.
"I think UEFA, as I understand it, are currently looking at the sanctions they are going to impose in conjunction with the Financial Fair Play and I think they will be decided and communicated in the first part of 2012.
"But everyone recognises that if Financial Fair Play is to achieve its goals, then it is going to have appropriate sanctions whatever they may be. So that'll be worked out by UEFA with the clubs and let's see what happens."
Control
Premier League leaders Manchester City's current wage bill is greater than their turnover, but Gill feels United can comfortably abide by the FFP regulations.
He added: "Manchester United, ever since we floated back in 1991, we have had a policy whereby we will not spend more than 50% of our revenues in total wages.
"That's our model and still leaves us money to invest back in the business - in the training ground or in the redevelopment of the ground or in the transfers.
"Now other clubs have to determine their own model. What Financial Fair Play will do is have a requirement that clubs have to break even. So by definition that should have some control over the player wages, the transfer fees and the amortisation of transfer fees."
