UEFA president Michel Platini has outlined plans to "protect" English teams from spiralling debts.
Frenchman Platini has often been accused of disliking English football - something he vehemently denies - but he insists the measures, which will be formulated by a UEFA committee from Monday onwards, are designed to help the clubs in the long-term.
He warned that failure to comply could see them banned from UEFA competitions and told the Daily Telegraph: "We have three years to regulate the situation. The idea is not to kill the clubs but to help them have better balances."
He added: "The philosophy to participate in our competitions is you must not spend more money than you receive.
"If (Manchester) United have 300 million euros and they spend 400 million euros - no!
"If Liverpool pay 60 million euros (in interest) every year to the banks, it's a lot of money.
"Every owner has asked me for a better philosophy, for better transparency. In Germany, debts are not accepted. In England they are.
"Some of the chief executives are not okay with the chance of new regulations because they don't want to change their business. The owners are okay with it."
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I dont want to sound racist but Mr UAFA has been making uncomplimentary remarks about English clubs spending big...since he assumed powers at UAFA.Spanish sides spend as well-if the French,Germany and others think on the contrary why does he want everybody to think like him-French?Platini must realise that he has been killing the passion in the game by instructing the ref to be partial in officiating...Chelsea/Barcelona in mind.I think it is time he starts thinking that the world is not only French or Germany.
Debt ridden sides like rangers should be put into administration, docked points and relegated. This goes for all clubs who play too fast and loose with their money.
They aren't English. The cheese-eating surrender-monkey Platini only cares about preventing English clubs doing well in Europe
What about Real Madrid? They have the biggest debts and nobody seems to care about them.
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