John W. Henry has called on UEFA to do something about the clubs he claims are ‘ignoring Financial Fair Play’ regulations.
Speaking to the BBC, the Reds’ Principal Owner said; “The biggest challenge for us has been the ignoring of Financial Fair Play. It makes it very difficult to compete, but by the same token there are many clubs who can't compete at Liverpool's level. So I guess I shouldn't complain that vociferously.
”It's challenging, it makes it difficult” he continued. “There are only four Champions League spots, we have at least two teams that seem to have unlimited budgets, so it's challenging."
Liverpool’s match day revenue is dwarfed by the likes of Manchester United and Arsenal, and although the expansion of Anfield will help to close that gap when it eventually happens, Henry insists that is not the biggest financial barrier for Liverpool to overcome, it’s the loopholes that other teams are finding in UEFA's FFP regulations.
"The stadium was never going to solve the problems that Liverpool was facing economically," Henry explained. "Financial Fair Play is a much bigger solution to the problems Liverpool and other clubs are trying to compete against. That's a much larger issue.
"We really don't have Financial Fair Play, or at least people are not abiding by it. If UEFA does something about it and people have to comply, even then the rules are somewhat suspect. I'd love to think that UEFA can do and will do what needs to be done, but we'll see."
Recommended Comments
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.