jucebo
According to the New York Times, UEFA have settled on the replacement for Financial Fair Play rules, but they would only further benefit Premier League sides and harm Serie A clubs.
There have been discussions for over a year to set up a new model replacing FFP, but it would seem as if UEFA President Aleksander Ceferin will not get the salary cap he had hoped for.
That proved impossible when dealing with European employment law, which was already behind the Bosman ruling allowing players to become free agents.
Instead, it’s reported the soccer-related spending will not be able to go above 70 per cent of income.
That means both wages and amortisation of transfer fees for that season cannot breach 70 per cent of revenue.
It would be a huge problem in particular for Italy, where even the wage bill is often over 70 per cent of the income.
The New York Times notes this system, to be named Financial Sustainability Regulations, would only further benefit the Premier League clubs, who already far outspend every other league due to their massive – and set to get even bigger – television rights deal.
Clubs will be given three years to move towards the new rules, so initially able to spend up to 90 per cent of their revenue.
There could also be some flexibility of up to €10m in certain circumstances.
The biggest change could well be in the penalties, which could see clubs demoted from the Champions League to Europa League for breaching financial rules, or made to begin the new format tournaments with a points deduction.
Biggest beneficiaries? Biggest clubs, particularly the English teams that can likely carry on spending. UEFA president had called for salary caps but EU regulations made that too difficult to be viable. Still, rules weaker than La Liga’s imposed on Barca.https://t.co/mCnGjBoJmH
— tariq panja (@tariqpanja) March 22, 2022
