UEFA tweaks FFP to allow clubs to invest new cash

UEFA3

By Andrew Warshaw
June 30 – UEFA’s tweaked financial fair play rules come into effect tomorrow with the organisation re-iterating the system has been a success despite the highly-publicised legal challenge from Belgium which threatens to undermine years’ of painstaking work to ensure clubs balance their books.

Read more …

Del Nero property portfolio raises Brazilian eyebrows

Marco Polo del Nero

By Samindra Kunti
June 29 – Marco Polo Del Nero’s real estate assets have grown 175% since joining the Confederation of Brazilian Football (CBF) in 2012 as vice-president, according to Brazilian newspaper Folha de Sao Paulo. It has increased speculation and suspicion around Del Nero, the current CBF president, about management of the federation and its finances.

Read more …

Batkov quits Levski in tears and with huge losses

todor batkov

By Alexander Krassimirov
June 26 – The on-off ownership of Bulgaria’s Levski Sofia has been resolved with Todor Batkov announcing that he is stepping down after 17 years at the helm. At an emotional press conference the lawyer said that he will transfer his shares to the Chairman of the Board of the club, Ivo Tonev, and two other businessmen, Alexander Angelov and Nikolai Ivanov.

Read more …

Indian FA calls for access to wider talent pool after loss to Guam

India vs Guam

By Mark Baber
June 25 – In the wake of tiny island territory Guam (population 165,124) defeating India (population 1.252 billion) in a World Cup qualifier on June 16, attention has turned to the issue of people of Indian origin (PIOs) who may offer salvation for the country’s national team. However, the Indian government opposes their inclusion in the national team, setting up a potentially dangerous confrontation with FIFA.

Read more …

CSKA Sofia name and logo go up for auction

cska logo

By Alexander Krassimirov
June 25 – Humiliated by their forced relegation to Bulgaria’s amateur leagues, the country’s tax collectors have heaped further misery on the team by announcing an auction of the club’s brand assets – it’s name, logo and trademarks.

Read more …