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Arsenal, Chelsea, and Tottenham to be massively affected by new UEFA financial fair play rules

Arsenal, Chelsea, and Tottenham to be massively affected by new UEFA financial fair play rules

Arsenal, Chelsea, and Tottenham are set to be among the clubs affected when UEFA announces changes to their spending rules, but they will stop short of previously proposed salary caps. European football’s governing body has spent more than a year in talks with representatives from elite clubs over a new model that would replace the financial fair play system currently in place.Information Guide Nigeria

FFP has come in for plenty of criticism for doing little to fulfill its intended purpose of increasing competition by limiting team expenditures. But the new measures are unlikely to put a dent in the plans of Europe’s biggest spenders either.

A report from the New York Times states that those briefed on the matter said the new rules will mean teams’ football-related spending will not be allowed to pass 70 per cent of their total income.

Other Top Football News:

The rules are set to be added to UEFA’s official rules after a meeting of the executive board on Thursday, April 7. With Chelsea, Arsenal and Tottenham all previously joining the European Super League, it is likely that all three were represented in the discussions surrounding the new rules.

According to foootball.london, the term ‘financial fair play’ is also set to be ditched with UEFA eager to move away, with president Aleksander Ceferin moving away from the branding of his predecessor, Gianni Infantino. According to the report, the new rules shall be dubbed: Financial sustainability regulations.

The New York Times reports that the rules are likely to only increase the growing dominance of Premier League sides, due to the benefits of the biggest TV deal in the world and links to the richest owners. In Spain and Italy, where financial rules are already strict, many clubs are set to struggle to stay within the new confines when it comes to wage payments.

But in a bid to avoid too much of a backlash from these sides, the rules will be implemented slowly. Clubs will still be allowed to spend 90 per cent of income on football-related activities from next season, lowering to 70 per cent within three seasons.JAMB Result

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