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FINANCIAL FAIR-PLAY TO BE INTRODUCED IN LOCAL FOOTBALL

By Melusi Mlotsa | 2019-06-25

SOCCER - IN an effort to assess the financial muscle of club owners, to see whether they have healthy bank accounts to run teams, Eswatini Football Association (EFA) will introduce the ‘Financial Fair Play’.

In Europe, the ‘Financial Fair Play’ was introduced to prevent clubs spending more than they earn in pursuit of success and in doing so getting into financial problems which might threaten long term survival. EFA Chief Executive Officer Frederick Mngomezulu said this during the referees’ symposium held at Lobamba Technical Centre on Sunday. Mngomezulu said the ‘Financial Fair Play’ would not be introduced this upcoming season but was on the pipeline. “The ‘Financial Fair Play’ is in the pipeline to assess whether team owners have the capacity to run clubs as it is happening in Europe. Football is about quality of the game and quality of business.”

On the other hand, Mngomezulu said that EFA was expecting all Premier League teams to have qualified personnel in the upcoming season. He said department such as the heads of development, finance managers and general managers must be qualified persons.

Mngomezulu also highlighted that all teams were supposed to have home grounds in the upcoming season. He said the teams must produce lease of agreements, to indicate that they have been granted permission to host games in that particular ground.

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