UEFA have introduced new financial regulations ahead of the 2022/23 campaign that will affect Tottenham Hotspur as well as the other clubs competing in European competitions next season, Football.London have revealed.
Spurs will be back in the Champions League next season after a two-year absence from the competition, with the club securing fourth place on the final day of the season.
Football.London reveal that UEFA have proposed new regulations to tighten up on licensing and financial sustainability issues facing clubs across the continent.
The new rules, which will effectively replace Financial Fair Play, propose that all clubs’ transfer spending will be capped while a wage cap will also be applied.
The rules aim to reduce the inequality between the bigger and smaller teams across Europe, maintaining the integrity of the Champions League, Europa League and the Europa Conference League.
The rules also state that losses posted by clubs have to be minimised if they are to be allowed to compete in the aforementioned competitions.
Spurs Web Opinion
This is a move in the right direction and has been a long time coming. Financial Fair Play was well intentioned but proved impossible to implement as there were too many loopholes that allow clubs to get away with not complying.
Capping spending and wages in absolute terms will make the rules more black and white, and easier to implement. This is good news for Spurs as not only do we run in a profit (apart from the pandemic years) but our wage bill is modest compared to some of the other big clubs in Europe.
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