Arsene Wenger, The Arsenal manager, had been a defender of UEFA’s rules to stop the excessive spending. However, he now believes that the market has taken over.
Now, Arsene Wenger has had a change of mind regarding the UEFA’s Financial Fair Play rules. He now believes that FPP rules are not enforceable.
Just a year ago, Man-Utd paid a record breaking fees to rope in Paul Pogba. However, this year, three transfers have crossed the record signing, Neymar to PSG, Mbappe to PSG and Dembele to Barcelona.
With the hefty amount spent by PSG on two players, UEFA confirmed opening an investigation against the club. However, the French contend that they did not break any rules and regulations.
Arsene Wenger believes that the rules have lost their credibility. He said:
“Financial Fair Play raises new questions. I always did plead for it. Today, I am not convinced that we can maintain it.”
“Football is maybe only at the start of a huge financial investment. It has become the most powerful sport in the world, It means do we have to open the door completely to investments? It is a question we have to raise because, at the moment, it looks like we have created rules that cannot be respected. There is nothing worse than when you create rules that are not respected.
“Maybe we are at the crossroads and we have to think, do we open it with complete freedom to investment for people like the Chinese and Americans, who want to invest here [in England]? If you want to remain the best league in the world, that is certainly the way we have to go.
“Do I want to get rid of Financial Fair Play? I think so because there are too many legal ways to get around it. The question, at least, has to be raised.
“At the moment, it looks like you can buy clubs in China and get the players there, and buy them in other clubs, then get them, after, here. You can get around [FFP]. Am I convinced that, at the moment, the rules are strong enough to make it respected? I’m not sure.”