Connect with us

Football

Stan Kroenke cleared by UEFA to give Arsenal cash injection this summer

Published

on

Arsenal logo

UEFA have confirmed that Financial Fair Play regulations are set to altered following the recent world pandemic, clearing the way for Stan Kroenke to boost the club’s coffers without risking our participation in European football in future seasons.

The American businessman has come under criticism in recent seasons for failing to back the club in the transfer market, but last summer was a little different.

Our club was allowed to sign in excess of £100 Million in signings for the first time since 2014, breaking the club’s record signing with the arrival of Nicolas Pepe.

That splurge of spending may have worked out as badly timed, with the current season having been forced to be suspended with a deadly virus causing havoc around the globe.

Clubs are usually tasked with being self-sufficient in recent years, with spending having exploded since the turn of the millenium, but UEFA have now confirmed that they will ‘adapt’ the current rules due to the pandemic.

“The situation is extraordinary and we will not pretend that it’s not so we will adapt the Financial Fair Play system, but the final decision in which direction we will do it is not brought yet so yes we will adapt,” UEFA chief Aleksander Ceferin revealed.

“We think it’s important to adapt it because the situation for the clubs is not easy and we are all in the same boat here, but it’s again too soon to share details of how we will do it because the clubs are included in the conversation and the leagues are also included in the conversation.”

Kroenke will now be allowed to help us through this tough period, as was his intention following the recent drop in income, without the need to worry about sanctions from the governing body.

Could the American give us a healthy transfer budget to show his intent in backing Arteta? Will FFP only be relaxed enough to allow clubs to cover the losses of income or will they be laxed further?

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

kayley cuoco
Entertainment2 years ago

Kaley Cuoco Stuns In See-Through Dress Photo After Making Comment That Will Disappoint Her Husband, Karl Cook__see photos

Entertainment2 years ago

Jessica Simpson Lifts Her Skirt Up While Showing Off Look__check

News2 years ago

Becky Lynch And Seth Rollins Welcome Their Baby Girl,Roux

kayley cuoco
Hollywood2 years ago

Kaley Cuoco Stuns In Nightie Highlighting ‘Iconic’ Feature

jessica alba
Entertainment2 years ago

WATCH VIDEO: Jessica Alba Just Shared A Sweaty, Abs-tastic selfie video and looks Sparkingly-superb.

jessica alba and love hewitt
Entertainment2 years ago

Rate:Jessica Alba Vs. Jennifer Love Hewitt: which beauty reigns supreme? Whose photos is more Unique?__check this Out

kayley
Hollywood2 years ago

WATCH : Kaley Cuoco’s New Nightie-Filled Instagram Account Goes Viral – check

Entertainment2 years ago

“Oh my goodness! see how cute she is”…WWE stars react over Becky’s baby….

Jennifer Love Hewitt
Entertainment2 years ago

Jennifer Love Hewitt reveals ample cleavage as she strolled down the street in the Californian sunshine__See Photos

Entertainment2 years ago

Carrie Underwood Kills ‘Em In Bikini For Massive Brag

Entertainment2 years ago

WATCH:Jennifer Love Hewitt Stuns As She Posted Video Of Her Newest Look “My New look and new vibes!”

Entertainment2 years ago

Jennifer Garner Flaunts Fit Figure in Swimsuit During Beach Day___See Photos

Entertainment2 years ago

See what Jennifer Love Hewitt looks like now,she is unrecognizable__you are never going to believe your eyes…

Jennifer Love Hewitt
Entertainment2 years ago

PHOTOS: Jennifer Love Hewitt says, “I love my body.” — Jennifer Love tells all girls to put on a bikini

Kaley Cuoco Wore $46 Worth of Drugstore Makeup for Her Wedding
Hollywood2 years ago

Kaley Cuoco Makes A Big Bang Shirtless With No Shoes




Trending