Previous
Zenit St Petersburg
AS Monaco
0
0
ESPN3 LIVE 56'
Game Details
Atletico Madrid
Juventus
ESPN2, ESPN3 6:45 PM GMT
Game Details
Malmo FF
Olympiakos
ESPN3 6:45 PM GMT
Game Details
FC Basel
Liverpool
6:45 PM GMT
Game Details
Ludogorets Razgrad
Real Madrid
6:45 PM GMT
Game Details
Bayer Leverkusen
Benfica
ESPN3 6:45 PM GMT
Game Details
Anderlecht
Borussia Dortmund
ESPN3 6:45 PM GMT
Game Details
Arsenal
Galatasaray
6:45 PM GMT
Game Details
Leeds United
Reading
6:45 PM GMT
Game Details
Wolverhampton Wanderers
Huddersfield Town
6:45 PM GMT
Game Details
Fulham
Bolton Wanderers
7:00 PM GMT
Game Details
Puebla
UNAM
12:00 AM GMT
Game Details
America
Veracruz
1:00 AM GMT
Game Details
Morelia
Pachuca
1:00 AM GMT
Game Details
Chiapas
U. de G.
2:00 AM GMT
Game Details
Tijuana
Cruz Azul
2:45 AM GMT
Game Details
Ottawa Fury FC
Atlanta Silverbacks
11:00 PM GMT
Game Details
Libertad
River Plate
6:00 PM GMT
Leg 1
Game Details
Bahia
César Vallejo
10:30 PM GMT
Leg 1
Game Details
Emelec
Goiás EC
1:00 AM GMT
Leg 1
Game Details
Atlético Nacional
EC Vitória
1:00 AM GMT
Leg 1
Game Details
San Lorenzo
Olimpo de Bahía Blanca
9:00 PM GMT
Game Details
Estudiantes La Plata
Independiente
11:30 PM GMT
Game Details
Crucero del Norte
Sp. Belgrano
6:30 PM GMT
Game Details
All Boys
Sarmiento de Junín
10:00 PM GMT
Game Details
Santa Marina
Atlético Tucumán
11:30 PM GMT
Game Details
Unión de Santa Fe
Patronato
11:30 PM GMT
Game Details
Boca Unidos
Colón de Santa Fe
12:00 AM GMT
Game Details
Instituto de Córdoba
Guaraní A. Franco
12:00 AM GMT
Game Details
Independiente Rivadavia
Huracán
12:00 AM GMT
Game Details
Gimnasia y Esgrima de Jujuy
Aldosivi
12:30 AM GMT
Game Details
Cruzeiro
ABC
10:30 PM GMT
Leg 1
Game Details
Botafogo
Santos FC
10:30 PM GMT
Leg 1
Game Details
Corinthians
Atlético MG
1:00 AM GMT
Leg 1
Game Details
América RN
Flamengo
1:00 AM GMT
Leg 1
Game Details
Los Caimanes
Inti Gas Deportes
4:00 PM GMT
Game Details
Unión Comercio
Universitario de Deportes
6:15 PM GMT
Game Details
Sporting Cristal
Real Garcilaso
8:30 PM GMT
Game Details
León de Huánuco
César Vallejo
Postp
Game Details
Guaraní
3 de Febrero
9:30 PM GMT
Game Details
Deportivo Capiatá
Sportivo Luqueño
10:00 PM GMT
Game Details
Libertad
Nacional
11:10 PM GMT
Game Details
General Díaz
Olimpia
11:40 PM GMT
Game Details
Mushuc Runa
U. Católica
9:00 PM GMT
Game Details
Manta F.C.
Barcelona
12:00 AM GMT
Game Details
Olmedo
Club Deportivo Cuenca
12:00 AM GMT
Game Details
El Nacional
LDU Quito
12:15 AM GMT
Game Details
Independiente del Valle
Deportivo Quito
12:15 AM GMT
Game Details
Club Petrolero de Yacuiba
The Strongest
7:00 PM GMT
Game Details
San José
Oriente Petrolero
12:00 AM GMT
Game Details
Western Sydney Wanderers
FC Seoul
2
0
FT
Leg 2Aggregate: 2 - 0
Game Details
CD Dragon
Alianza FC
Postp
Postponed - now being played Wed, Oct 1
Game Details
Valledupar F.C.
Atlético Junior
8:00 PM GMT
Leg 1
Game Details
Patriotas F.C.
Once Caldas
12:00 AM GMT
Leg 1
Game Details
Next
Jul 18, 2012

Coates calls for Financial Fair Play

Premier League clubs are set to discuss a proposed initiative that may punish those members who fail to prove self-sustainable. The measure is designed to make clubs self-sustainable, and to ensure that the latest TV bonanza - the £3 billion-plus landed from summer 2013 - is not frittered away.

Stoke City chairman Peter Coates has told ESPN that one of the biggest changes in Premier League history is needed to ensure that the cautionary tale of Glasgow Rangers is not repeated. He supports the plan, set to be discussed in September at a meeting of all 20 clubs.

"No one is immune," was the message from Coates. He hopes it will be a rallying call for safe guards to be placed collectively on Premier League clubs to protect their viability and save them from financial meltdown.

The richest league in the world is largely inhabited by clubs making losses, and the fear is that with billions more coming into the game, that cash will flow straight out in players' wages and ever-increasing demands from their agents.

More than a decade ago, Sir Alan Sugar called it the 'prune juice' effect, where what goes in one end comes out the other, but so far only the Football League have implemented rules governing the finances of clubs. Those failing to live within their means risk having a transfer embargo, and heavy fines.

Whether the Premier League clubs will want to observe such disciplinary safeguards remains to be seen. How do they curtail players now regularly demanding £1 million a month?

"It is very important that the clubs act, and we have a year to sort out something before a whole new tranche of more money comes flooding into the game via the new TV deals," Coates told ESPN. "We have to ensure that it doesn't flood in, and then flood straight back out in players' wages and agents' fees. We need to ensure that the only beneficiaries of the big increases in income are not the players and their agents as they have been in the past."

"The Premier League is the most commercial by some distance in the world yet most clubs don't do very well with their finances. There is a huge disparity between those at the very top in English football and the rest of us.

"The Football League have implemented new rules and we have to take a close look at what we need to do in the Premier league. There is a Financial Fair Play rule in Europe but that only governs about eight of our clubs, so we need a sensible dialogue with all of our clubs to find the way forward.

"New money is coming in, but we can no longer let it go out in the same old way. Instead, it needs to be used for the game's infrastructure, getting rid of the debt, ensuring all clubs are solvent, and that all clubs are run well on sound financial footings.

Coates used the example of the Premier League's biggest clubs to illustrate his point.

"Manchester United are our most successful commercial club and the right model in world football, which is great credit to them, similarly Arsenal are a self-functioning club," he said.

"But no matter how well Manchester United might be doing, they still have to pay huge amounts in interests on their loans, and they don't want to see all the extra money the Premier League is earning blown away on players' wages, as they have to abide by UEFA's Financial Fair Play rules now.

"Manchester United have supported the smaller clubs, so too have Arsenal, on these sorts of issues, and when we all get together at the shareholders meeting in September, I would hope the dialogue can begin to find some common ground that all the clubs can eventually buy into.

"The goal is simple - that all clubs in the Premier League are self-sustainable. I am sure we are all up to meeting that challenge."

Should such measures be introduced then English football's top division's clubs could face a change as significant as any since the introduction of the Premier League itself.

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.