Created on 11-09-2012 at 00:00 AM
The European Club Association (ECA) General Assembly took place in Geneva on Monday and Tuesday. Karl-Heinz Rummenigge, chairman of the representative body, took charge of the event attended by representatives of 135 clubs. The agenda included debate and discussion of UEFA's Financial Fair Play regulations, and the distribution mechanism of the European governing body's €100 million fund to compensate clubs for releasing their players for EURO 2012 and European championship qualifiers. The fund was set up on Rummenigge’s initiative.
As a result of the General Assembly's deliberations, Bayern will receive €3.095 million, the biggest sum of all, because Germany's leading club released more players than any other to a variety of national teams. FCB were followed by Real Madrid (€2.997 million) and Barcelona (€2.210 million). In total, 575 clubs across the continent will be compensated by the fund.
Recognition for European clubs
“This shows the excellent relationship that exists within the football family in Europe, as we work hand in hand to shape the future of our game," commented Rummenigge. In March, the ECA chairman negotiated a Memorandum of Understanding binding UEFA to the new fund. In recognition of the contribution made by clubs to the success of international tournaments, the compensation pot was increased from €55 million to the current €100 million. It will increase again to €150 million for the EURO 2016 tournament.
On the subject of Financial Fair Play, the clubs presented early findings in Geneva. Over the last few months, 38 clubs were closely analysed in an initial test stage. “However, it seems that quite a few clubs have not understood the message," Rummenigge summarised.
Finance official: I'm stunned
“ECA members unanimously endorsed the Financial Fair Play project back in 2010," the Bayern chairman continued, “so the time has come to take the new rules seriously." He was fully supported by Jean-Luc Dehaene, chairman of the investigatory chamber of the club financial control body. “I am still very worried about the current situation. The Financial Fair Play regulations are known for more than two years, but I have the impression that some clubs still need to do their homework," Dehaene said.