UEFA is reportedly set to scrap their Financial Fair Play (FFP) system and replace it with new rules that will govern club finances.
The new system will provide clubs with greater freedom over their spending power and have less control on how much clubs can invest in the transfer market before falling foul of the regulations.
The current FFP rules were introduced at the start of the 2010-11 season and after ten years UEFA are set to end the controversial system according to journalist Tancredi Palmeri.
The Italian football reporter claims that the introduction of a new system will be announced as a replacement for FFP and provide the clubs ‘much more freedom’ with their spending.
A number of clubs have fallen foul of FFP over the ten years it has been running and many of the games richer teams will be sure to welcome the relaxation of the financial rules and use it to their advantage in the transfer market.
Chelsea spent big in last summer’s transfer market, over £220m on the likes of Timo Werner, Kai Havertz and Ben Chilwell, and any move to allow more freedom in transfer spending could see the Blues splash the cash once more without threat of breaking UEFA’s regulations.
Star players such as Erling Haaland are on the wish list of many clubs and with less regulation on what clubs can spend a bidding war for the 20-year-old could break out without fear of repercussions.
Many of the games wealthier clubs will welcome the news about FFP and will no doubt be waiting with bated breath fr further information on the ‘new system of financial control.’