UEFA Adopts New Regulations To Replace Financial Fair Play
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.
