LONDON // A senior Uefa official has warned clubs with heavy debts that they could be excluded in future from European competitions.
The Uefa general secretary David Taylor said clubs face the "ultimate sanction" if they failed to deal with serious debts.
"There would be forms of communication, even warnings, even reprimands before one would ever get to a situation of exclusion but it's absolutely possible," Mr Taylor told the Leaders in Football Conference.
Mr Taylor expressed concern that clubs are putting their futures in jeopardy by exposing themselves to debt that would require a "white knight" to bail them out.
"We are looking at strengthening the minimal financial criteria and other forms of self regulation that may impose greater standard on clubs that want to compete in European competitions and beyond that club football," he added.
*AP
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Nepotism is the name of the game
Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.