Football’s biggest spenders have been boosted by the news that UEFA has relaxed its Financial Fair Play regulations.
Under the current rules, clubs are sanctioned if their outlay on transfers exceeds the amount of revenue that they generate. Manchester City and Paris Saint-Germain are among those to have fallen foul.
But now clubs that want to invest, but fear that they could breach the break-even rule, may ask UEFA to request approval for a “voluntary settlement.”
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Exceptions will also be considered for clubs in “markets with structural economic deficiencies” and those undergoing a restructuring process. Spending on youth and women’s football will also be deducted from the break-even calculation as part of the easing of the boundaries.
UEFA president Michel Platini said: “The new regulations are an expansion and a strengthening of financial fair play. The overall objectives of financial fair play remain the same. We are just evolving from a period of austerity to one where we can offer more opportunities for sustainable growth and development.”
AS Monaco, Roma, Besiktas, Kuban Krasnodar, Lokomotiv Moscow and Sporting Lisbon are among the clubs who have been punished for breaching FFP rules ahead of next season.