UEFA president Aleksander Ceferin has no issue with sovereign wealth funds and state-linked money coming into football as long as the game's financial regulations are observed IOLsport
The issue was highlighted earlier this year when the Saudi sovereign wealth fund, PIF, was part of an investment group that made a bid to buy Premier League club Newcastle United.
Newcastle have since held talks with the Bellagraph Nova Group over a possible takeover bid, the Singapore-backed company said last week. "Since we distribute almost 90% of all the money back to the national associations and clubs, I would love to have even more revenues because it is good for the development of football."
Abu Dhabi United Group, the investment vehicle owned by Sheikh Mansour bin Zayed Al Nahyan, are the majority owners of the City Football Group.Ceferin said UEFA relied on investment in the game in order to redistribute funds across the continent. The FFP regulations aim to stop clubs running up big losses buying players. They also ensure sponsorship deals are based on market value and are genuine commercial agreements and not ways for owners to pump cash into a club to get around the rules.
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