UEFA presents new strict rules of the Financial Fair Play
UEFA tightens its belt further with regard to the severity of the Financial Fair Play rules. As reported by La Gazzetta dello Sport, in fact, the highest administrative body of European football has launched new rules that starting today all the clubs interested in participating in European cups must respect. Here they are:
TRANSPARENCY OBLIGATION – Clubs will be obliged to publish on their website the financial statements and (aggregated) expenses for player agents.
LIMITS TO DEFICIT AND IMMEDIATE CONTROLS – With a difference of more than 100 million euros in the transfer market, UEFA can check immediately and ask for guarantees on compliance with FFP also for the following year.
STOP TO FALSE LOANS – Clubs will not be allowed to buy a player by “pretending” a loan: the operation will be entered in the balance sheet as a purchase.
STOP TO COMFORTABLE SALES BETWEEN RELATED CLUBS – You will not be allowed to sell a player to a “related/affiliate” club to register a fake capital gain in the balance sheet. The original price will be into consideration.
STOP IN THE ACCOUNT OF ADVANCED EARNINGS – It will not be possible to anticipate the profits from Champions League participation before the tournament is played.
