According to The New York Times, UEFA are set to abolish the Financial Fair Play regulations and replace them with a new rule that would prevent clubs from spending more than 70 per cent of their income.
There is a question mark regarding how effective the implementation of the FFP rules have been, with the likes of Manchester City escaping punishments despite initially being found guilty of not complying with regulations (ESPN).
The New York Times have now revealed that UEFA have been in talks with a representative group for elite clubs for more than a year regarding a new model to replace FFP.
The report reveals that European football’s governing body have now decided that clubs will not be allowed to surpass 70 per cent of their income.
It is explained that the new financial control revamp does not include a salary cap but breaching the 70 per cent mark in terms of spending could result in points deductions or even relegation from the Champions League.
The new rules are expected to be added to UEFA’s rule book after a vote from its executive board on April 7.
Spurs Web Opinion
While FFP was certainly a fair rule in theory, the problem with it was always about implementing it stringently. So, a modification was certainly needed to ensure fair play.
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While capping spending at 70 per cent of income seems a positive move, I suspect that there will be loopholes even in this piece of legislation that clubs would take advantage of.
Some clubs have been previously been accused of artificially boosting their revenue figures (DW), and I do not see that practice being curtailed completely.
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