UEFA president Michel Platini on Friday called for "global reflection" on the financial problems facing football. "My message for football is alarmist: red lights are flashing, we cannot live with billions of euros of deficits without paying the consequences one day or another," he said during a press conference in Monaco.
"You can see it at the moment: players are not paid, transfer fees are not paid. We have to get around a table, and not just UEFA - it has to be a global reflection on professional football. "I'm not very reassured by what's happening (player strikes in Spain and Italy). I'm afraid for our football, that things go badly for some people.
"Normally I have a good sense for these things, so we need some very serious reflection on this subject." UEFA's financial fair play rules, obliging clubs to break even, come into effect this season but Platini, who pioneered the initiative, admitted that it would not be a cure for all of European football's ills.
"Financial fair play will only affect clubs involved in UEFA's European competitions, some of the big clubs, but sooner or later we'll have to address the situation for the national competitions, because some leagues are not in control of their finances," he said. Platini, re-elected as head of European football's governing body in March this year, refused to answer questions on whether he intends to run for FIFA president when Sepp Blatter steps down in 2015.
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