UEFA are set to impose new financial regulations on European clubs that will replace the much-derided existing Financial Fair Play rules. FFP has lon
UEFA are set to impose new financial regulations on European clubs that will replace the much-derided existing Financial Fair Play rules.
FFP has long been criticised by football fans, having failed to quell the financial inequality in the game. It was made even clearer that the UEFA regulations were not fit for purpose when in 2020 Man City, having been found to have breached FFP rules, saw a two-year ban from the Champions League overturned as the offences were ‘time-barred’.
The expected new UEFA regulations appear to be stricter. A New York Times report states that UEFA are set to rule that a club’s spending on football operations (player salaries, transfers, etc.) will no longer be allowed to exceed 70% of their income.
With UEFA keen to move away from FFP, they are set to re-name the financial rules to ‘financial sustainability regulations’.
Regulations however are expected to stop short of a hard salary cap – something which is imposed in numerous sports leagues in America – despite president Aleksander Ceferin calling for one for a number of years.
The report also states that clubs will have a three year grace period before having to adhere to the new rules. UEFA executive members are due to vote on the new regulations on 7 April.