John Textor, the largest shareholder of Crystal Palace, has called the term 'financial fair play' a fraud. He believes that Premier League rules on financial sustainability are designed to prevent ambitious clubs from challenging the Big Six.
Textor, who also owns stakes in Lyon and clubs in Brazil, Belgium, and the United States, thinks it's unfair that wealthy investors can't invest more money into their teams to compete with the established powers.
“It’s clear that (the rules are) built to make sure that clubs which do not drive significant revenues cannot catch up," he said.
“It doesn’t matter if you have a billion dollars of cash in a wheelbarrow, you’re not allowed to spend it.
“Does that make any sense? (Forest owner Evangelos) Marinakis has plenty of money to fund his team but he’s not allowed to. If he spends too much and does what the fans want, somebody comes along and docks him points? That’s not right.”
Everton have lost six points, reduced from 10 after an appeal, for breaking the Premier League's profitability and sustainability rules (PSR). They could lose more points with a second complaint to be heard later this year.
Nottingham Forest are also facing a PSR complaint and could be hit with a points deduction. The current PSRs don't allow clubs to exceed losses of £105million over three seasons.
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Speaking at the Financial Times Business of Football Summit, Textor said: «Financial fair play is a fraud of a term, to say it's about sustainability.
“Sustainability should be about the quality of your balance sheet, not ratios against your P&L (profit and loss). There’s nobody that
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