UEFA ‘sets financial Fair Play rules for SCRAP’ to give clubs more control over their finances … and the issue is due to be discussed with the European Parliament on Friday
- The ten-year-old regulation was introduced by UEFA’s Financial Control Panel
- Gazzetta dello Sport now claims they will be radically scrapped
- UEFA’s plan is reportedly to phase in the new regulations next year
- The regulations could also lead to the introduction of a salary cap for clubs
According to reports in Italy, UEFA is preparing to do away with the Financial Fair Play rules to give teams more control over their finances.
The ten-year-old regulations were conceived by UEFA’s Financial Control Panel led by Michel Platini and Gianni Infantino, and the European Club Association initially appealed against their implementation.
But now according to the Italian outlet Gazzetta dello Sportthe body is in favor of a radical overhaul, including new rules that give clubs more flexibility with regard to their purchasing power, especially in the transfer market.
UEFA (President Aleksander Ceferin pictured) prepares to do away with Financial Fair Play regulations to give teams more control over their finances, according to reports
FFP came in about a decade ago under former general secretary Gianni Infantino
Other details regarding the rules will be discussed in a video conference with the European Parliament on Friday.
However, UEFA will still be obliged to consult and agree with the new rules as they are unlikely to want to impose themselves on clubs without dialogue. ‘
Should the various parties – including EU lawyers – agree with the new system, an adjustment period will be set in motion, which is expected to start gradually next year.
The full implementation of the scheme will then come into effect at a later, but not yet specified date.
Under the rules, Premier League clubs could rethink their approach to the market, with Chelsea – owned by Roman Abramovich (pictured) – spending more than £ 200 million last summer.
The Italian point of sale describes the new system as one that “transitions from the idea of” spending as much as you collect “to” spending what is needed without waste. ” ‘
Last summer, Premier League clubs saw the money again – with Chelsea spending the most of any top club after investing more than £ 200m in new recruits – and clubs can now rethink their strategies in line with the new regulations.
The regulation could also lead to the ‘introduction of a salary ceiling disguised as a luxury tax to ensure compliance with European regulations’.
Thus, each side would have to adhere to a total spending limit for the playing staff for each specific club, but how that will be calculated has yet to be disclosed.
UEFA will also reduce sporting sanctions, with Man City – owned by Sheikh Mansour bin Zayed Al Nahyan (pictured) – successfully appealing the decision to kick them out of Europe.
UEFA is also reportedly considering reducing a violation of the regulations with sporting sanctions with a commensurate increase in economic penalties.
Currently, clubs that violate FFP rules can technically be kicked out of European competitions, as was the case with Manchester City, until they successfully appealed the ruling after the Sports Court of Arbitration ruling last year.
The news comes just weeks after UEFA announced another radical decision to expand the Champions League to 36 teams, with each club playing 10 group matches in a ‘Swiss system’, ranking them in one league table.
“I think we are very close to my ideal Champions League, I think the Swiss system is wonderful,” said Andrea Agnelli, president of the European Clubs Association.
City successfully appealed the ruling following the ruling of the Sports Court of Arbitration last year
‘I think it offers great opportunities for those teams participating in that competition.
“It provides the knockouts that are the essence of every match. It’s very, very close to an ideal Champions League. We may only be gone for a few weeks.
‘I have been focusing on finding a solution with Uefa for quite some time now.
‘We had a fight with Alex [Uefa’s president, Alexander Ceferin] in the fall months because we wanted to strike a balance between continental and domestic competition. Her [about] have a balanced competitive landscape. ‘
The news comes just weeks after Andrea Agnelli revealed plans for an expanded Champions League