Uefa proposes new spending rules to replace Financial Fair Play

Proposed new spending rules to replace Uefa's current Financial Fair Play (FFP) regulations would limit club spending on wages, transfers and agents' fees to 70% of their revenue from 2025.

If agreed, the plans will be phased in from 2023, when clubs will be allowed to spend 90% of their income, reducing to 80% in 2024 and 70% a year later.

Europe's top clubs will be updated on the new spending rules at the European Clubs Association's (ECA) two-day meeting in Vienna this week.

Crucially, the plans, that are being put together by Uefa and the influential ECA also double the permitted losses over a three-year period from €30m (£24.98m) to €60m (£49.96m), providing they are covered by cash injections.

The idea is to address complaints that the current system protects the biggest clubs by limiting additional owner investment, although many have also been uneasy at the 'artificial' funding of what La Liga president Javier Tebas has dubbed 'state' clubs, such as Paris St-German and Manchester City.

It is thought new, reinforced punishments, including points deductions, demotion to lower-ranking competition and potential exclusion from European football completely, will be introduced as part of the new regulations.

In his new role as ECA chairman, PSG president Nasser Al-Khelaifi is due to speak to the media on Tuesday after his organisation's meeting. As one of the clubs who could benefit from additional investor funding, his thoughts will be monitored with interest.

Newcastle are an associate member of the ECA and it will be observed with interest whether the Magpies are represented in person on Monday at the first General Assembly of the ECA since the Saudi-backed takeover of the club in October.

In addition to FFP, ECA clubs