After a decade since its introduction, Financial Fair Play—UEFA’s set of controversial and opaque financial regulations—appears to be on the way out.
An extensive report published by the New York Times today outlines the new cost-control mechanism Europe’s top footballing body is prepared to introduce.
Reportedly, clubs’ football-related spending “will not be able to surpass 70 percent of their income, a regulation that appears watered down from the strict salary cap that had long been championed by UEFA’s president, Aleksander Ceferin.”
The new regulations are expected to be ratified when UEFA’s executive board meets in two weeks on April 7th and will be renamed the “Financial Sustainability Regulations.”
The report indicates there will initially be a three-year implementation period before the new regulations take effect—with the aim of ensuring clubs keep their spending within a strict ratio.