<Tr> <Td> </Td> <Td> This article may be too long to read and navigate comfortably . Please consider splitting content into sub-articles, condensing it, or adding or removing subheadings . (October 2015) </Td> </Tr> <P> The UEFA Financial Fair Play Regulations (FFP) were established to prevent professional football clubs spending more than they earn in the pursuit of success and in doing so getting into financial problems which might threaten their long - term survival . They were agreed to in principle in September 2009 by the Financial Control Panel of football's governing body in Europe (Union of European Football Associations--UEFA). </P> <P> The regulations provide for sanctions to be taken against clubs who exceed spending, over several seasons, within a set budgetary framework . The 2011--12 football season is set for implementation of the regulations . The severest penalty is disqualification from the European competitions . Other penalties included fines, the withholding of prize money, and player transfer bans . </P> <P> On announcing the new legislation, former UEFA President Michel Platini said, </P>

How does financial fair play work in football
find me the text answering this question