BDAR
gdpr

Lithuania encourages EU to apply the UEFA Financial Fair Play regulations

Date

2014 10 21

Rating
0
Lithuania encourages EU to apply the UEFA Financial Fair Play regulations
Lithuania encourages EU to apply the UEFA Financial Fair Play regulations

During the informal meeting of EU ministers in charge of sports held in Rome, Viceminister of the Interior Elvinas Jankevičius encouraged the EU countries to apply the UEFA regulations on the fight against unfair sport competitions.

[end_header]

In 2009, UEFA confirmed the Financial Fair Play Regulations, which set certain ethic standards on financial discipline and regulation of debts of football clubs.

European Commission and UEFA plan to sign the Cooperation Agreement this year.

“We would encourage the application of the Regulation to its full extent – from the highest to the lowest leagues, both at international and national levels. We would also welcome other sports federations, especially basketball (which is the most popular sport in Lithuania), to follow this good practice and improve their licensing systems”, – Elvinas Jankevičius stated during the meeting of sport ministers. – “The sustainable development of sport is the priority of every government. Therefore, effective self-regulation of sport organizations is needed – based on good governance principles, which also include financial sustainability. Only then the governments can trust sport organizations and be sure that allocated state finances will be used properly”.

Following the policy of increasing transparency in sports, Lithuania together with other member states of the Council of Europe (7 member states of European Union among them), on 18 September signed the Convention  Against the Manipulation of Sport Competitions.