Financial fair play: "€600m reduction in the aggregate losses of clubs" (UEFA)

"Financial fair play is already having a significant influence and UEFA's (Union of European Football Associations) latest figures show that there has been a €600m reduction in the aggregate losses of Europe's first division clubs in the last financial year, after six years of increasing losses," said the European body on the 30/08/2013.

Michel Platini, President of UEFA, and Gianni Infantino, general secretary, unveiled on the 30/08/2013 in Monaco, some key findings of the latest benchmarking report of UEFA, which will be published in September 2013.

"The reduction in aggregate losses of €600m is a decrease of 36% in one year. Why has this reduction in losses come in one year suddenly? Of course, because of the introduction of the financial fair play rules but also because (...) the majority of clubs have really paid attention and are moving in the right direction. I think this reduction in only one year really shows concretely the effects of financial fair play," said Gianni Infantino.

"We do not want to kill the clubs; we want to work together and create a healthy and sustainable…