By Chris Harris
  

Arsène Wenger admits he’d be happy if UEFA’s new financial rules came into effect tomorrow.
  

In May, European football’s governing body approved plans to force clubs under their jurisdiction to spend only what they earn.  Specifically, the financial fair play rules will require clubs to break even over a rolling three-year period if they want to compete in the Champions League or Europa League.
  

Wenger has said in the past that the new rules would give Arsenal a “massive advantage” because the Club already pursues a self-sustainable business model. UEFA’s regulations come into force from next year and that will not be a moment too soon for the Frenchman.
  

“We are happy if the rule comes in tomorrow morning,” admitted Wenger. 
  

“After that, we trust UEFA. [President] Michel Platini looks to be very strong-willed on the subject and he has my complete support. 
  

“Apart from that, I don’t want to judge any individual situations because they are really special in Manchester City’s case. But on the subject, I am 100 per cent behind UEFA.”
  

The Eastlands club are the most obvious target of the new rules. City have announced a £121million loss for the year ending May 2010 and they will clearly have to curb their extravagant spending to fit the new criteria for European competition.
  

Wenger thinks they may struggle to get their finances in line with the new rulings before next year’s changes come into effect.
  

“It is workable on a longer period but not from one season to the next,” he said.
 

“If you are committed to contracts of three or four years, you cannot reduce the wages from one year to the next just because UEFA has kicked in some new rules. To get rid of the players will be impossible because nobody else will pay the wages so this rule would have to come in gradually.”

Copyright 2014 The Arsenal Football Club plc. Permission to use quotations from this article is granted subject to appropriate credit being given to www.arsenal.com as the source 1 Oct 2010