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