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Uefa to change FFP rules

Uefa has launched its convention on European football, an effort to involve all 'stakeholders' in long-term reforms: https://www.uefa.com/insideuefa/mediaservices/mediareleases/news/0269-12543419cacd-b55a99fbad9e-1000--uefa-launches-convention-on-the-future-of-european-football/

Uefa has estimated that European clubs are on course to miss out on around €9bn of revenue because of the Covid-19 pandemic.  €2bn of this is in the Premier League.  This ended years of growth in football with the revenues of top tier clubs increasing by 80 per cent between 2010 and 2018.

Uefa president Aleksander Ceferin said that because of the 'new financial reality' rules would be tightened to ensure clubs operated as financially responsible businesses.  Financial fair play rules would be updated to target player wages and transfer fees.


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