UEFA introduced financial Fair Play rules for European clubs

UEFA has introduced and approved new financial fair play rules for European clubs, the core principle of this new rule is the break-even requirement, according to which all clubs cannot continuously spend more than their income. The main purpose of this initiative is to promote financial responsibility among all European clubs.

According to new Fair Play rules clubs will be permitted up to £38.5m in losses during the first period of 2011-12-13. However if the clubs miss these target they will escape sanctions as long as their losses are reduced or if the current debt is due to the spending on transfer fees and wages before 2010.

All clubs looking to get hold of current stars and new young blood for cheap

Its now just two months before the crucial summer transfer window, Scouts and players agents are busy in settling deals with the potential targets.

We saw during the winter transfer window English clubs spent huge amount of money on young players Chelsea splashed approximately £75m on deadline day, where as Liverpool also spend £57m on two strikers. As we all know that  during the winter prices are too high and no one want to splash huge amount of money during the winter transfer window. But if we look at the brighter side when clubs are unlikely to settle contract talks with their players they sell them cheaply like we saw in Steven Pienaar's Everton sold their 9m rated player in just £3.2m.

Chelsea decided to reduce the wage bill

Premier League giants Chelsea is the club to have the highest wage bill in England, due to this reason they offload  players like Ballack, Belleti, Joe Cole and Ricardo Carvalho with massive wages during the last summer transfer window. Now reports suggest that they are ready to offload out of form star Frank Lampard who is 32 years old now and paid around £7.2m a year.

Currently Chelsea's wage bill is much higher than that of Manchester City's bill, Ashley Cole is the worlds most leftback, Peter Cech is the Premier league's most expensive goalkeeper and so on.. We saw during the winter transfer window Chelsea signs Fernando Torres and David Luiz with a massive fee but on reasonable wage. Chelsea also renewed the contract of their teenage star Gael Kakuta.

Spurs through to champians league qaurter final where as Arsenal falls

After an outstanding performance at San Siro, Spurs hold the Seria A giants at White hart lane. Despite having worlds most expensive strikers like Ibrahimovoc, Pato and Robinho AC Milan failed to even once during the two legs. AC Milan are Seria A campaign leaders with 63 points and looks set to go all the way this season. The departure world's most successful European manager Jose Morinho from Inter Milan is one of the reason for their successful run in the Seria A. Jose Morinho is the only manager who wins Champions league with three different clubs Chelsea, Porto and Inter Milan. whereas Inter Milan are still searching for the right man to fill the gap created by the departure of Portuguese.