Platini warns French clubs against stock market | World Soccer

Michel Platini has urged French football not to follow the example of English and Italian and rush to create public companies for stock market quotation.

Platini, recently elected to the executive committees of both FIFA and UEFA, said such developments removed concentration on the real needs of football.

He said: “In football the priority is to play a match to obtain points in the league table not two or three points on the stock market. French football would be going down the wrong path if it tried to copy England or Italy.

‘You only have to look at the stock markets there to realise that there is no value, in any case, in being a publicly quoted company. In the end it becomes more of a restriction than a benefit.”
By Keir Radnedge

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