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Apr 07, 2022 - 15:33
By channelnewsasia.com

UEFA agree new financial rules for clubs

MANCHESTER : 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 70per cent of a club's revenue - with that figure reached after a three-year gradual change.

(Reporting by Simon Evans; editing by Jason Neely)