Arsene Wenger, long an advocate of Financial Fair Play, now believes that the system should be scrapped, because it is unable to enforce the rules it put in place.
Clubs, nation states, oligarchs and limp administration from the powers that be have made what was a good idea now something of a joke.
This summer’s business, in particular the Neymar transfer to Barcelona, have shown FPP to be more or less toothless and the Arsenal manager says questions have to be asked of a system which appears to be fundamentally flawed.
“Financial Fair Play raises new questions,” he said. “I always did plead for it. Today, I am not convinced that we can maintain it. Football is maybe only at the start of a huge financial investment.
“It has become the most powerful sport in the world. It means do we have to open the door completely to investments? It is a question we have to raise because, aAt the moment, it looks like we have created rules that cannot be respected.
“There is nothing worse than when you create rules that are not respected.”
Ultimately, Wenger believes FFP is essentially a bust, and should be done away with.
“Do I want to get rid of financial pair play? I think so because there are too many legal ways to get around it,” he continued.
“The question, at least, has to be raised. At the moment, it looks like you can buy clubs in China and get the players there, and buy them in other clubs, then get them, after, here.
“You can get around FFP. Am I convinced that, at the moment, the rules are strong enough to make it respected? I’m not sure.”
Much of Arsenal’s financial outlook has been based around the self-sustainable model and respecting the issues that FFP tried to address. If it is scrapped, there will undoubtedly be pressure on Arsenal’s billionaire owner Stan Kroenke to start acting like someone who genuinely wants the club to be successful, and help it compete.
We won’t be holding our breath though.