- Associated Press - Tuesday, May 19, 2015

MOSCOW (AP) - The billionaire owner of a Russian club has accused UEFA of stifling the growth of soccer in Eastern Europe with financial fair play restrictions.

Supermarket tycoon Sergei Galitsky’s money has turned FC Krasnodar, which he founded in 2008, into a team which is challenging for a place in next season’s Champions League.

Last week, however, that spending also earned Krasnodar punishment under financial fair play rules, introduced to stop clubs from spending beyond their means.

Galitsky says the rules place “too heavy a burden” on Eastern European clubs and stop them from becoming “competitive at the European level.”

Since last year, five Russian clubs have been hit with FFP punishments. A sixth remains under investigation.

UEFA president Michel Platini said this week that some FFP regulations could be relaxed.

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