Rummenigge: Financial Fair Play 3.0 needed that includes a list of sanctions

The former chairman of the Bayern Munich board of directors, Karl-Heinz Rummenigge, believes a reform of UEFA's Financial Fair Play regulations is necessary to fix the economic imbalance and irregularities seen within European clubs.

One of the main points Rummenigge insisted on was for clearer sanctions against sides that were to break rules, rather than the unclear nature seen today with club's under investigation.

"We need Financial Fair Play 3.0 that is applied strictly, coherently and consistently," he wrote in his column for German newspaper Wel am Sonntag.

"In addition, this should include a specific list of penalties. If a club breaks the rules of Financial Fair Play, they should not remain in a grey area until the situation is resolved.

"It must be made known exactly what they are facing for breaking the rules, including even a possible expulsion from the Champions League."

The former German international considers it necessary to reformulate the FFP guidelines in order for football to return to a more rational approach and avoid the "economic collapse faced by several clubs," citing Juventus as an example.

"Am I really calling out clubs like Manchester City or Paris Saint-Germain when money is a rather relative question there?" he asked in his column.