Madrid (EFE).- The president of the European Club Association (ECA), the Qatari Nasser Al-Khelaïfi, assured that “the new regulation of financial viability is a positive step”, but warned that “the levels Dangerous leverage and magic stock deals are not a sustainable path.

“Standards 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 magical stock trading are not a sustainable path. We have to think long-term, not short-term,” he said at the body’s 28th General Assembly in Istanbul.

The president of the European Club Association (ECA), the Qatari Nasser Al-Khelaïfi. EFE/EPA/Christophe Petit Tesson/Archive

Al-Khelaifi reviewed the objectives that the ECA set as priorities during the Assembly a year ago, including financial stability, strengthening its relations, improving benefits for its members, diversity and inclusion, and the renewal of collective spirit and values.

“We shouldn’t focus on the past, but people shouldn’t forget where we came from a year ago. Some people tried to separate us. However, with the new ECA, we are more creative, more collective, more connected. We talk, we share ideas, we listen and ECA is stronger than ever,” he said.

The PSG president also welcomed the relationship of “trust” with UEFA and announced the signing of a letter of intent to sign a new memorandum of understanding until 2030.

“This will make our association even stronger: we have rebuilt and formed an association of equals. The clubs are more committed. Clubs have more votes. Our commercial value has increased,” he said after thanking UEFA President Slovenian Alexander Ceferin.

Al-Khelaifi highlighted the clubs’ collaboration in the new format of European competitions from 2024, which will be “more exciting, more inclusive” and will increase their revenue.

“We have already seen it in France and in the United Kingdom. And in the United States, our growth is more than 150%, with the Spanish rights remaining for sale. We plan to work with Paramount+ and the rest of our media partners and rights holders on how to reach new audiences, be innovative and stay relevant.”

A fair distribution of income and the search for “new business models in the digital sphere, technology, entertainment and the metaverse”, as well as diversity and inclusion were other priorities set by Al-Khelaifi for the ECA, which will open the door next year to incorporation as members of women’s clubs.

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