Michael Platini the president of U.E.F.A wants the Europen football clubs to balance their books, as some clubs like Real Madrid and Manchester City are just spending money , infact they both spent roughly 230 million pounds on footballers and Deolite have said that the 92 top clubs anual profit rose 350 percent in the year 2006/7.It was 779 million pounds, Manchester City have spent 220 million pounds in 12 months which is a huge amount.
Clubs according to Platini must learn to live within their limits. Take Liverpool have a debt of over 400 million pounds , Manchester United have a debt of 730 million pounds. So the smaller clubs will not be able to keep pace with the big ones.Chelsea have 700 million debt.
So clubs must use only what they make and thats all. Platini has said if a club fails to balance its books for three years in a row, then they will be expelled from Europen football competition.
And suprisingly all the main spenders have strongly supported Platini. Massimo Moratti of Inter Milan, Silvio Berusconi, and Roman Abramovich all come forward to support Platini .
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