Daily Mail
UEFA’s executive committee has approved new ‘sustainability regulations’ to replace the previous Financial Fair Play (FFP) system, president Aleksander Ceferin announced on Thursday.
The new ‘Financial Sustainability and Club Licensing Regulations (FSCLR)’ will limit spending on wages, transfers and agent fees to 70 per cent of a club’s revenue – with that figure reached after a three-year gradual change.
The old FFP regulations were devised in 2010 by UEFA’s Financial Control Panel under Michel Platini and Gianni Infantino, and the European Club Association initially appealed against its introduction.
It was designed to stop European clubs from spending beyond their means and eliminate financial doping form the game. At present, clubs are allowed to spend up to €5m (£4m) more than they bring in across a three-year period…
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