UEFA introduces a new set of new rules that will Change European football forever
UEFA has established a new set of regulations ahead of the new season, with the goal of tightening up on licencing and financial sustainability issues.
The measures were put in place to try to increase equality between so-called “bigger teams” and “smaller teams” in each of the three European competitions.
Financial Fair Play has practically been replaced, with excessive expenditure for the continent’s leading teams restricted.
Other changes include the implementation of wage ceilings for all clubs, as well as the concept that all teams’ losses will be minimised in the future.
Simon Leaf, Head of Sport at Mischon de Reya, described what the new regulations mean for clubs like Manchester United and Manchester City, saying, “This marks the most significant reform to the financial regulation of European football in a generation. UEFA is the grandfather of Financial Fair Play and we expect both the Premier League and the EFL to also amend their rules to ensure that the domestic football finance regulations remain in sync with the European regime.
“Those UK clubs competing in European competition will be acutely aware of the changes that have now come into force and we are likely to see a greater pressure on transfer fees and wages for those clubs that regularly compete in European competition as a result.
“Alongside the other changes to the domestic football regulatory landscape that are on the horizon following the recent Crouch report, we are entering a period of great uncertainty for clubs across the country, as they wait to see just how the relevant regulators will adapt to the new rules.”
Managing Associates in the same financial company’s Sports group sector Tom Murray continued: “This is the first of many impending changes to football’s financial regulation. The Financial Fair Play regime of UEFA may be dead, but the reign of Financial Sustainability is set to commence, bringing with it a slew of legal challenges and possibly court assessments as clubs compete for a competitive advantage.”
“This is the first of many upcoming reforms to the financial regulation of football. UEFA’s Financial Fair Play regime may be dead but the reign of Financial Sustainability is about to begin, bringing with it a host of legal challenges and potential judicial reviews as clubs grapple one another to gain competitive advantage.”
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UEFA introduces a new set of new rules that will Change European football forever
