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Clubs are only allowed by UEFA to spend 70 percent on salaries and transfers,
UEFA announced stricter financial rules on Thursday. Over the next three seasons, it will gradually be introduced that European clubs will only be allowed to spend 70% of their turnover on salaries, transfers and bonuses for agents.
The new rules are a reform of the Financial Fair Play regulations, which were created in 2010.
“UEFA’s first financial regulations served their primary purpose. They provided better financial housekeeping and revolutionized the way European football clubs are run,” UEFA said in a press release on Thursday.
Clubs are only allowed by UEFA to spend 70 percent on salaries and transfers
According to UEFA, changes in football and the consequences of the coronavirus pandemic have shown that large-scale reforms were necessary. In this way, the association wants to ensure that clubs implement a financially sustainable policy.
Clubs that do not meet the wishes of creditors are punished more severely by UEFA, which announces that it will carry out checks every quarter.
In the first phase, clubs are allowed to spend a maximum of 90 percent of the income on salaries, transfers and premiums for agents. In three years’ time, this share will be reduced to a maximum of 70 percent.
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