RRI Sports Club
The financial
state of Romanian football has been improving over the years. The Romanian
Football Federation has recently announced that all First League clubs have complied
with the financial fair play regulations for the current season. The
announcement follows the end of the financial monitoring cycle on December 10.
The Monitoring Administration has stated: All clubs taking part in the First
League championship have fulfilled the fair play financial requirements during
the competition they enrolled in, and they didn’t incur any outstanding debt
by November 30, 2018, to other clubs, employees and social security schemes or
fiscal authorities, in connection to contractual or legal obligations appeared
before June 30, 2018. The Financial Monitoring Administration also stipulates
this is the second consecutive year that First League clubs comply with the
financial fair play requirements.
România Internațional, 12.12.2018, 12:52
The financial
state of Romanian football has been improving over the years. The Romanian
Football Federation has recently announced that all First League clubs have complied
with the financial fair play regulations for the current season. The
announcement follows the end of the financial monitoring cycle on December 10.
The Monitoring Administration has stated: All clubs taking part in the First
League championship have fulfilled the fair play financial requirements during
the competition they enrolled in, and they didn’t incur any outstanding debt
by November 30, 2018, to other clubs, employees and social security schemes or
fiscal authorities, in connection to contractual or legal obligations appeared
before June 30, 2018. The Financial Monitoring Administration also stipulates
this is the second consecutive year that First League clubs comply with the
financial fair play requirements.
The Financial
Fair Play Regulations (FFP) were passed by UEFA in 2010. It is a clear set of
rules that all clubs must observe. Failure to do so will result in their being
excluded from all European competitions. The legislation is designed to prevent
clubs from spending more than what they earn, with a view to ensuring long-term
viability and sustainability for European football clubs.
In 2014 the
Romanian Football Federation also introduced the financial fair play
regulations in the domestic championship. They devised a new set of rules for
obtaining licenses and financial monitoring that should keep an eye on first
league clubs that don’t take part in European inter-club competitions. As a
result of this new piece of legislation, starting 2015 clubs have been
undergoing periodic checks as regards their debt. Any irregularities are
sanctioned either by points deduction in the league tables or by fines. In 2015
three clubs failed to comply with monitoring regulations and received
penalties. In 2016, another two clubs were forced to pay similar fines.
