UEFA to make changes in FFP rules, relief for Chelsea and City
UEFA is set to make a few alterations in the FFP rules. They have planned to relax the rules a bit and lift some of the restrictions on spending of the clubs around the world.
UEFA had held their Executive Committee held at Prague on 29th June. In that meeting, they have decided change some of their rules regarding clubs spending. The new rules will allow the teams to spend more than what they used to previously. The only condition is that the teams will have to provide an affordable business model and show they are not “gambling on success.”
The UEFA President Michel Platini was quoted: “We are just evolving from a period of austerity to one where we can offer more opportunities for sustainable growth and development.”
Michel Platini has always been a keen supporter for the Financial Fairplay Rules. He has always promoted this idea since being the governing body President since 2009. The rules though have been criticised a lot as it was hard on the part of ambitious clubs like Manchester City and Paris Saint-Germain. These sides are the big spenders in the current football market but are often penalised for doing so.
UEFA general secretary Gianni Infantino too spoke on this matter. He said: “This is what we were hearing: ‘Why should we invest if it’s forbidden. If I invest I am in breach [of FFP] … there are consequences.
“[We want] to make sure the competitive balance of Europe is improved even more so clubs can maybe retain some players, even invest in new players in order to get some results and generate more revenue.
“You can invest something and with the investment you can generate more revenue so we bring more clubs to compete at the top table.”
Some of the other FFP rule changes are:
1) Any sponsors or other sources who contributes more than 30 percent off a club’s revenue will be investigated to see if they have links with the ownership.
2) Clubs won’t be judged as harshly if they play in countries where TV and ticket revenue is significantly lower than the top leagues.
3) If a club spend on both youth and women’s football it will not be counted toward losses.
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