The UEFA Executive Committee approved the new economic rules

The UEFA Executive Committee approved the new economic rules

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08 Apr 2022
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Beso
Aleksander Ceferin

Clubs will be able to spend 90 per cent of their income in 2023/24, followed by 80 per cent the season after and from then on, 70 per cent of their total revenue.

UEFA approves new regulations

The UEFA Executive Committee approved the new economic rules that will come into force in June in a bid to achieve financial sustainability in European football. Clubs will be able to spend 90 per cent of their income in 2023/24, followed by 80 per cent the season after and from then on, 70 per cent of their total revenue. “UEFA’s first financial regulations, introduced in 2010, served its primary purpose,” said UEFA president Aleksander Ceferin. “They helped pull European football finances back from the brink and revolutionised how European football clubs are run. However, the evolution of the football industry, alongside the inevitable financial effects of the pandemic, has shown the need for wholesale reform and new economic sustainability regulations.

These regulations will help UEFA protect the game

“UEFA has worked together with its stakeholders across European football to develop these new measures to help the clubs to address these new challenges. These regulations will help us protect the game and prepare it for any potential future shocks while encouraging sound investments and building a more sustainable future for the game.” The clubs’ net worth must be positive as of December 31 of the previous season or have improved by 10 per cent compared to December 31 of the last year, in a change that brings UEFA’s financial control closer to the one imposed by La Liga. There is talk of a new law that would monitor the state-owned clubs. Still, everything will depend on the sanctions imposed and how high the European football governing body set the bar, as UEFA will opt to control the phantom income deriving from overstated sponsorship revenue.

Controls will be performed every quarter

UEFA clarified that the new regulations are based on three essential pillars and explained that their goal is to balance the clubs’ finances. “Given their name, it is no surprise that the key objective of the new regulations is to achieve financial sustainability,” read UEFA’s statement. “These will be achieved through three key pillars: solvency, stability, and cost control. For solvency, the new no overdue payables rule will ensure better protection of creditors. Controls will be performed every quarter, and there will be less tolerance toward late payers. “The new football earnings requirements are an evolution of the existing break-even requirements and will bring greater stability to club finances. To ease the implementation for clubs, the calculation of football earnings is similar to the calculation of the break-even result.”

“While the acceptable deviation has increased from 30 million over three years to 60 million over three years, requirements to ensure the fair value of transactions, to improve the clubs’ balance sheet, and to reduce debts have been significantly strengthened.”

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