The new FFP rules that will directly impact Manchester United and Man City
European football governing body UEFA have approved new spending rules that will replace the current Financial Fair Play (FFP) regulations.
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European football governing body UEFA have approved new spending rules that will replace the current Financial Fair Play (FFP) regulations.
New financial regulations imposed by UEFA will limit the way clubs are able to spend on their squads. From June, expenditure in areas including wages, transfers and agents' fees will only be able to add up to 70% of a club’s revenue.
A decision on Russia’s expulsion from the Women’s European Championships this summer is still to be made, though UEFA president Aleksander Ceferin says the organisation are keen to come to a verdict soon.
MANCHESTER (England): UEFA's executive committee has approved new "sustainability regulations" to replace the previous Financial Fair Play system, president Aleksander Ceferin said on Thursday. A new "squad cost rule" will limit spending on wages, transfers and agent fees to 70% of a club's revenue -- with that figure reached after a three-year gradual change.
UEFA on Thursday approved new licensing regulations to replace its existing Financial Fair Play (FFP) rules, allowing European clubs to make bigger losses than before but limiting spending on wages and transfers. As expected, European football's governing body decided to overhaul the FFP rules that were introduced in 2010 in order to reduce spiralling debts among clubs across the continent. FFP's limitations had been exposed by the emergence of state-held superpowers like Manchester City and Paris Saint-Germain.
MANCHESTER, England :UEFA's executive committee has approved new "sustainability regulations" to replace the previous Financial Fair Play system, president Aleksander Ceferin said on Thursday.
MANCHESTER : UEFA's executive committee has approved new 'sustainability regulations' to replace the previous Financial Fair Play system, president Aleksander Ceferin said on Thursday.