NY Times: This will be UEFA’s new financial fair play… which will even change its name

The New York Times has unveiled the main lines of UEFA’s new financial fair play… which will even change its name: ‘Financial Sustainability Regulations’. According to the American newspaper, the proposal will be put to the vote on April 7 and, if approved by the Executive Committee, it will come into effect next season, replacing the current model, which has received so much criticism over the years. The main change concerns the inability for clubs to spend more than 70% of their income, also knocking down one of the strongest ideas, which went through a rigid salary cap, as it exists in some North American sports. This discussion was far from consensual, as there were clubs who demanded that this limit be raised to 85% and others, notably Germans, who wanted an even lower percentage. Nevertheless, this transition will be gradual, in order to allow a smoother adaptation. Initially, clubs will be able to spend up to 90% of their income, with this value then falling to the stated 70% at the end of three seasons. There is also an exception in the proposal. If certain circumstances are met, the European emblems may spend an additional $10 million beyond the limit and provided your accounts are “in the green” and have not breached Financial Fair Play rules.

Penalties will also be slightly modified. UEFA can, as is currently the case, impose fines or, at the limit, exclusion from competitions, but also relegate clubs between their three European competitions. For example, a non-compliant crest that is in the Champions League could fall into the Europa League or, if already in UEFA’s second competition, be relegated to the Conference League.

THE point subtraction This is another measure on the table for the prevaricators, knowing that in the Champions League, for example, the format will change in 2024 to a single group. A closer look at sponsorship deals, under which some clubs allegedly increased their income illegally, is also one of UEFA’s intentions in this new financial fair play.

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