UEFA to make Financial Fair Play decision that affects Arsenal, Chelsea and Tottenham

UEFA’s Financial Fair Play system will not be removed, but a dramatic restructure is set to take place, according to reports.

Clubs around the world – including Arsenal, Chelsea and Tottenham Hotspur – have struggled more than ever in the last 12 months, with the majority of that time not being allowed supporters in attendance.

Matchday revenue is such a key part to the cashflow of any football institution, no matter how rich the owners are, and that has completely disappeared since the start of the coronavirus pandemic.

Now, according to French news outlet L’Equipe, the Financial Fair Play System – that has been the centre of plenty of criticism in the past – will “not disappear”.

Video Loading

Video Unavailable

However, the same publication claim that there will be a hefty restructure, with the aim to allow more flexibility for football clubs.

The Guardian reported last month that the rules were set to “undergo a dramatic change”, with the break-even measure labelled as “purposeless” by UEFA.

Speaking in March, UEFA’s director of research and financial stability, Andrea Traverso, admitted that a solution around the dilemma is not an easy one to figure out.

Traverso said: “Covid 19 has generated a revenue crisis and had a big impact on the liquidity of clubs.

“This is a crisis which is very different from anything we have had to tackle before. In such a situation obviously, clubs are struggling; they have difficulties in complying with their obligations.

“I think in general rules must always evolve. They have to adapt to the context in which clubs operate.

“The break-even rule, the way it works now it looks backwards: it performs an assessment of a situation in the past [looking at profit and loss over three previous seasons].

In each football.london bulletin, we’ll bring you the latest breaking news, transfer features and comment pieces on your favourite club, as well as the key talking points for fans.

You won’t miss a thing – you’ll get all the news you need right to your inbox. We’ll also send special newsletters when big stories break or there’s a special event happening.

You can sign up for Arsenal updates here.

You can sign up for Chelsea updates here.

You can sign up for Tottenham updates here.

You can sign up for West Ham updates here.

“The pandemic represents such an abrupt change that looking to the past is becoming purposeless.

“So maybe the rules should have a stronger focus on the present and the future and should definitely have stronger focus on the challenges of high levels of wages and the transfer market.

“The solution of this is not easy.”

Source link

Share on facebook
Share on twitter
Share on pinterest
Share on tumblr
Share on stumbleupon