Tuesday, March 13, 2012

Due to the debt certain teams put themselves in by buying players that they can't afford, the legal council for the Euroleague is implementing a maximum spending rule set specifically for each team.  What do you think about that given that smaller market teams will now have even cheaper players than before, thus making it hard for them to reach the peak of success in the league.

?? Mikey

"Euroleague Basketball is seeking to strengthen principles that ensure good financial practices to protect the integrity and smooth running of the competition, as well as to increase the long-term financial health of its participating clubs. Euroleague Basketball and its clubs understand that the global objective of this project is to increase the stability of the competition, through the optimization of management methods and budgetary control. 

The main criterion that falls under these principles is the break-even rule, which calls for clubs to commit to not spending more than what they generate in economic activity. "

No comments:

Post a Comment