Platini plans new rules for spending

UEFA PRESIDENT Michel Platini yesterday unveiled plans for financial reforms that could see the Premier League’s big spenders forced to change their habits or face possible exclusion from European football.

Platini’s vision is for all clubs in European competition to be made to only spend what they earn in football revenues — and claims he has the backing of Chelsea owner Roman Abramovich.

The rules would also outlaw ‘sugar daddies’ such as Manchester City’s owner Sheikh Mansour from making huge gifts of cash to their clubs.