The UEFA Executive Committee approved its new financial regulations, the Club Licensing and Financial Sustainability Regulations, this Thursday. replace old ‘fair-play’ and whose main innovation is this will limit salary bill to 70 percent of income Despite the teams will give a three-year margin to accommodate.
The continental body spawned the “first major reform” of its financial regulations, first implemented in 2010, with the “main goal” for clubs to have “financial sustainability” through solvency, stability and cost control”.
This new arrangement It will be operational from June this year.however, UEFA warned that its implementation would be “gradual over three years to give clubs the necessary time to adapt”, especially in the face of the real problem that they will be limited in how much they can spend on training their teams. .
European football’s governing body has introduced a rule on staff costs “to better control spending on player salaries and transfer costs”. “The regulation limits spending on salaries, transfers and manager fees to 70 percent of the club’s income.UEFA stressed.
However, according to various reports, this limit will be 90 percent in the 2023-2024 campaign, 80 percent in 2024-205 and finally the aforementioned 70 percent in 2025-2026.. to checkUEFA will make “punctual” evaluations He stressed that there are “predefined economic sanctions and sporting measures” in case of violations.
Also, to increase stability, this new regulation establishes the ‘Soccer Earnings Rule’, which measures the balance in results, is limited by capital contributions and must be reasonably supported and positive.
On the other hand, in terms of solvency, New rule on no overdue debts (together with football clubs, employees, social/tax authorities and UEFA) will “ensure better protection of creditors”. “Checks will be made every quarter and those who delay their payments will be less tolerated.”
Organ, “new requirements regarding the benefits of football”An evolution of current break-even requirements and they will bring more capacity to the financing of clubs,” he said.
“To make it easier to apply to clubs, the calculation of football profits is similar to a breakeven point. acceptable deviation increased from EUR 30 million in three years to EUR 60 million in three yearsThe requirements to guarantee the fair value of transactions, improve the balance of clubs and reduce debt have been significantly strengthened.”
Ceferin: “It will help us protect football”
Alexander CeferinThe UEFA president recalled that the first fiscal adjustment of 2010 “achieved its main objective” and “helped bring European football finances off the cliff and revolutionized the way European football clubs are governed”.
“But developments in the football industry, coupled with the inevitable financial effects of the pandemic, showed that. the need for full reform and a new financial sustainability regulationa” he assured.
The Slovenian leader pointed out that they are working “with different stakeholders from all over European football” for these new measures aimed at helping clubs “face these new challenges”. “This arrangement will help us protect football and prepare for possible future shocks, while encouraging solid investment and building a more sustainable future for the game,” he added.