President of Paris Saint-Germain, Nasser Al-Khelaïfi also holds this position at ECA. During a meeting organized in Istanbul this Friday, NAK spoke about the economic changes taking place in the world of football. “The new financial sustainability rules are a positive development. Rules control costs. They encourage investment and new investors. They will help ensure the sustainability of football. But we have to be careful; dangerous levels of debt and the magic injection of capital is not a sustainable path. We need to think long term, not short term.”
His remarks onthe magic injection of capital” are perceived by AS like a tackle for FC Barcelona, who recruited for several million euros this summer while the club has financial worries. Al Khelaïfi then added on the subject of the reform of the Champions League: “ECA has also worked closely with UEFA on the new men’s competition format after 2024. These will be more exciting matches. Competitions will be more inclusive. Our income will increase. We have already seen this in France and the UK. And in the United States, our growth exceeds 150%, with the sale of the rights. We plan to work with Paramount and all of our other media partners and rights holders on how to reach new audiences, be innovative and stay relevant.”. The message got through!