UEFA stands firm with financial control. In a session at the beginning of April, the highest body in European football could approve a new system of fair-play to have a better control of the expenses of the teams, especially for the salaries of the soccer players in relation to the income of that specific entity.
In this sense, UEFA will propose limit staff spending to 70 percent of the total expenses they generateand the penalties could even be downgraded, reports The New York Times, adopting a new nomenclature: Financial Sustainability Standards.
Until today, UEFA controls were carried out according to the budgets of three years in a row, and with an expenditure of 90 per cent of the income, while the new regulations would carry out the control season by season, and it will be 70%. Something similar to what LaLiga Santander does, and escapes from what the Premier wanted, stipulating the percentage at 85 percent. Although, in the case of UEFA, giving a margin of 10 million euros above the maximum percentage stipulated.
The body’s sanctions will be imposed within the same UEFA framework. Therefore, a Champions team that does not comply will be relegated to the Europa League and, the one from that competition, will go to the Conference League, or will no longer be able to compete in international tournaments.
The clubs would have, from the official announcement, three years to adapt to the new regulations. All in all, more transparency, more balance and more competition between entities is sought, to minimize the economic powers of the so-called club-states, and to have a more exhaustive control of the sponsorships that the teams receive.
These would be the new UEFA Financial Sustainability Rules:
- Go from being able to spend 90% of income on salaries to 70%
- Go from doing the financial control every three years to doing it annually
- Toughen the sanctions with relegation in UEFA competitions or even exclusion
There are 40 clubs that have to adapt
According to a UEFA report, there are currently a total of 40 clubs competing in Europe that do not adhere to the 70 per cent limit and will have to adapt to the new regulations. They have three years to do it.