UEFA issue UCL warning to debt-laden clubs

October 8, 2008
Clubs with excessive debt could face being thrown out of the Champions League and UEFA Cup, UEFA general secretary David Taylor said today.

A working party will hold its first meeting at the Swiss headquarters of European football's governing body on Monday to come up with fresh ways to put the squeeze on clubs who are succeeding on borrowed money.

Taylor suggested that theoretically even Europe's biggest clubs like Chelsea and Manchester United - both heavily in debt - could ...

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