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League Of Ireland Clubs To Benefit From Financial Fair Play Punishment

League Of Ireland Clubs To Benefit From Financial Fair Play Punishment
By Mikey Traynor

Four league of Ireland clubs are set to receive a nice financial boost thanks to a breach of financial fair play rules by a number of clubs in European competition.

The overspending by Manchester City and PSG, as well as the likes of Galatasaray and Zenit, had been punished at the end of last season resulting in reduced squad size for Champions League and Europa League fixtures, as well as a fine which was to be redistributed to other clubs competing in Europe.

As a result, Derry City, Dundalk, Sligo Rovers, and St Patrick's Athletic will each receive a payment of almost €40,000 according to a statement from the FAI.

Four different SSE Airtricity League clubs will receive a significant boost from UEFA as a result of Financial Fair Play.

Derry City, Dundalk, Sligo Rovers, and St Patrick's Athletic will each receive €38,970 through UEFA's Financial Fair Play Payments Redistribution system for the 2014/15 season.

This is a redistribution of monies withheld from other clubs who competed in European competition in the 2014/15 season and breached the Financial Fair Play rules.

That means the signings of players such as Eliaquim Mangala and Wilfried Bony for City, and David Luiz for PSG, have directly benefited League of Ireland clubs, as those transfers helped to breach FFP regulations which in turn has resulted in this handy sum for the four clubs mentioned.

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Sound for that, lads.

Many seemed to wonder just what the point of FFP regulations were, and while it doesn't appear to be deterring the biggest clubs from throwing cash around, it's nice to see that least some of that cash has been swept up and handed over to LOI clubs.

SEE ALSO: Great News For League Of Ireland Fans Living Abroad As Exciting Streaming Deal Announced

SEE ALSO: Why Ireland's Euro 2016 Qualification Owes So Much To The League Of Ireland

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