Europe: No salary cap but new sanctions with the reform of financial fair play (NYT)

UEFA’s Financial Fair Play changes its name, is redesigned in its operation and will be accompanied by more dissuasive sporting sanctions for European teams. A three-year gestation period should allow clubs to adapt before it is put into operation.

PSG can rejoice. The announced reform of UEFA’s financial fair play is starting to leak and promises to be less of a handicap than it could have been for the biggest European clubs. According to information from the New York Times, the long-discussed idea of ​​a salary cap, or salary capvery popular in the United States, is notably abandoned.

On the contrary, should be established, according to Tariq Panja, ” rules that are unlikely to prevent the continent’s wealthiest clubs from buying the best talent and winning the most coveted trophies “. Also according to information from the New York Times, “ team expenses cannot exceed 70% of their income “.

A project less severe than expected

A measure that would only slightly limit spending for the richest clubs in Europe, already the most expensive on the transfer market and generous with their players. This new version of financial fair play, ardently debated with the clubs for more than a year, would move away from what Aleksander Ceferin, president of UEFA and fervent defender of the famous salary cap, had announced for several years.

According to the New York daily, European clubs will be subject to strict compliance with this measure to limit their spending, at the end of a three-year test period (except in specific cases allowing it to be exceeded by around €10m). . A vote by the UEFA executive board should approve its application on April 7, and lead to its name change. End of the much-criticized financial fair play, and make way for ” financial sustainability rules “.

Threat of points deduction or European relegation

Finally, this reformed system will be accompanied by new “ sporting and financial sanctions » according to the New York Times. Along with the traditional fines and threats of exclusion from European competitions is added a potential deduction of points, but also the possible relegation of any offender from one European competition to another. Major sporting arguments capable of making the biggest European clubs think, including PSG, very concerned by the current version of financial fair play.

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