Uefa
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The Premier League is preparing to adopt a financial model akin to UEFA’s, which will restrict clubs to spending only a set percentage of their revenue. This change aims to prevent financial instability and bankruptcies within clubs. Damian Vidagany, a prominent figure in the football community, has shared his thoughts on the upcoming changes and the future of his club.
Damian Vidagany said: “I am not really against a general financial control, to avoid bankruptcies at clubs. In Spain, we had examples of clubs who spent a lot, but when the owners left, the club went into bankruptcy and the club never recovered. Where I agree, it is that the revenue itself cannot be the main and crucial key to calculate the potential or capacity of a club. There are multiple factors which should be taken into account.”
Damian Vidagany continued: “For me, I always say that to have a flat percentage of a squad cost is something unfair. As hard as it was, I would say that even with difficulty, this club is not stopping growing. Not stopping growing on the pitch or off the pitch. I was thinking that when we came three and a half years ago, and now it seems like a very fast journey together even with these constrictions and restrictions of financial fair play. There was no Warehouse, we have a much better stadium, and we are planning a new stand too.”
Damian Vidagany also noted: “We are here with the owners, and the moment of being in the Champions League was absolutely difficult to think of when we were close to the Conference League for the first time. So financial fair play is a difficult thing; it is not made for the teams who we aim to be at the top with. Times have changed. City, Chelsea, big clubs passed through a moment without financial fair play restrictions, but even with it we are going to make it.”
Vidagany’s comments highlight the challenges and opportunities that come with financial fair play regulations. While acknowledging the difficulties, he remains confident in the club’s ability to continue its growth trajectory. The club has made significant strides in recent years, including stadium improvements and ambitious plans for further expansion.
The new financial model is expected to level the playing field, ensuring that clubs operate within their means while promoting sustainable growth. As the Premier League prepares for these changes, clubs like Vidagany’s are focused on adapting to the new landscape while maintaining their competitive edge.
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