Oliver Kahn at ECA General Assembly: 'Financial Sustainability is a milestone'
At the General Assembly of the European Club Association (ECA), important decisions were made for the future direction of European football. Around 200 club representatives came together in Vienna on Monday and Tuesday to discuss a wide range of topics related to European football. FC Bayern was represented by CEO Oliver Kahn, who was elected to the ECA Executive Board as Vice Chairman in December 2021, as well as Dr. Michael Gerlinger, Vice-President of Sports Business and Competitions at FC Bayern.
"Pleased we're now implementing it"
Among other things, the ECA agreed in Vienna to launch Financial Sustainability, the successor regulations to Financial Fair Play. "The introduction of Financial Sustainability as the successor to Financial Fair Play is a milestone," said Kahn. "Over many months, we on the ECA board have worked out this model together with UEFA. I am pleased that we are now implementing it in this way."
Support for humanitarian crisis in Ukraine
Other topics of discussion at the general assembly included the continued efforts to improve diversity and inclusion across football, necessary financial stability for European football and support for the humanitarian crisis in Ukraine. To this end, ECA members decided to make an initial financial contribution of one million euros.
Oliver Kahn was elected to the ECA Executive Board in December: