John Texter, the co-owner of Crystal Palace, who is in the process of taking over Everton. Has slammed Europe’s Financial Fair Play rules as unfair and designed to allow the big clubs to dominate.
Texter is in talks to take over another Premier League club, Everton, which would see him give up a 45 per cent stake held by Palace. The
American businessman already owns teams around the world, including French giants Lyon, Brazil’s Botafogo and Belgium’s Molenbeek.
The Toffees were deducted eight points last season for breaching Financial Fair Play rules, and Texter told reporters at the weekend:
“The term ‘Financial Fair Play’ is a lie. It’s not fair at all. The rule says that clubs can only spend 75 per cent of their revenue on player wages. “
In Europe, the rules are designed to allow the big clubs, the world-class brands like Liverpool and Manchester United, to spend more money. ยูฟ่าเบท It is not fair. “
Crystal Palace are playing against Manchester United, and United can invest more in players. There’s no salary cap and there’s no financial equality. “
In the Premier League you’ve got a lot of smaller clubs, owned by billionaires, they have a lot of money but they’re not allowed to invest and only the big clubs, with huge revenues, can afford to spend. “
So it’s not about the financial sustainability or the stability of the clubs. It’s unfair rules, called Financial Fair Play, designed to keep the incumbents in power.”