Financial insight for Executive Committee

The work of the newly formed UEFA Club Financial Control Panel will come under the spotlight at the latest meeting of the UEFA Executive Committee in Tel Aviv, Israel, on Tuesday afternoon and Wednesday morning.

The eight-member UEFA Club Financial Control Panel was set up last year under the chairmanship of former Belgian prime minister Jean-Luc Dehaene. Its tasks include ensuring that the UEFA Club Licensing Regulations are applied correctly across all 53 UEFA member associations, and the panel's work will be a key element in the successful implementation of the recently approved financial fair play concept.

The committee will be given a update on the work of the panel. The financial fair play concept has a number of aims, including improvements to the financial fairness in European competitions and safeguarding the long-term stability of European club football. Over a period of time, clubs will be obliged to balance the books or break even, honour their financial commitments, and operate transfer and salary-related policies that are within their financial means.

The UEFA WOMEN'S EURO format will also come under discussion in Tel Aviv. Under the current format, 12 teams took part in the final round for the first time in Finland last summer – the six qualifying group winners, hosts Finland and the five winners of play-offs featuring the six group runners-up and four best third-placed sides.

UEFA and its national associations will celebrate grassroots football in the build-up to the UEFA Champions League final in Madrid on 22 May, which is being played on a Saturday for the first time. UEFA Grassroots Day on 19 May will enable UEFA and the 53 associations to showcase their grassroots activities, while UEFA will, among other things, lend support and publicise the efforts made by the associations to promote and develop the game at that level. The Executive Committee will receive an update on preparations for this special occasion.

Recent UEFA events will come under review – the fan hosting seminar in Barcelona in February, which was held to examine the needs of fans visiting host cities for international matches, and UEFA's meeting with supporters representatives in Nyon earlier this month after which the European body stressed that fans remain the lifeblood of the game and give clubs their identity.

The Executive Committee will hear a report on preparations for UEFA EURO 2012 in Poland and Ukraine. The work is now in full swing following December's decision by the committee confirming four Ukrainian host cities – Donetsk, Kyiv, Kharkiv and Lviv – which join the Polish host cities of Gdansk, Poznan, Warsaw and Wroclaw as venues for 2012. The qualifying competition draw was held in Warsaw last month.

The hosts of the 2012 UEFA European Futsal Championship will be appointed, and the 2010/11 club competition regulations, along with the UEFA Anti-Doping Regulations, 2010 edition, will be approved.

The Executive Committee meeting takes place ahead of the XXXIV Ordinary UEFA Congress in Tel Aviv on Thursday, when UEFA's associations gather to vote on a variety of issues, including the report of the UEFA president and Executive Committee for the 2008/09 period, the administration report for the same period, and UEFA's 2008/09 accounts statement and budget for 2010/11.