Le Journal du Dimanche is also peddling the story about FFP.
FFP: THE NEW DEAL
The UEFA is finalising a reform designed to give clubs more room to manoeuvre and attract investors.
While the big manoeuvres have begun on the transfer market, the big boys are busy behind the scenes. And the two are linked. In addition to the reform of the Champions League by 2024, which will be decided at the UEFA Executive Committee meeting on 19 April, the reform of financial fair play is also being negotiated, as revealed by LA gazetta dello sport last week. According to our sources, it was initially scheduled to be discussed in a fortnight' time but the subject has been postponed. The health crisis, which has put all the accounts in the red, and the pressure of the big European clubs, which have made clear the threat of a closed super league, have had the better of the system put in place since 2011 under the impetus of Michel platini, dictating that a club cannot spend more than it earns, with possible sporting sanctions at stake.
Several measures are on the table. The most advanced seems to be the control of the wage bill, whose level could exceed a certain percentage of revenue. There is also talk of a luxury tax on the amount that exceeds this (similar to Fran?ois Hollande's 75% tax on very high incomes). For big transfers, the European football government would check the capacity of the clubs to assume their commitments. But all this is still a matter for discussion. For if there is, a priori, a certain meeting within the ECA (European Club Association) to blow up the principle of the profitability threshold, not all have the same interests.
1 July in the spotlight
In addition to allowing more flexibility for clubs deprived of major resources, the idea behind this reform is to facilitate the entry of new investors. To what extent? The historic institutions (Bar?a, Real, Bayern, Juve, etc.) are also anxious to maintain their position. What about the concept of tied parties, where the sponsors have close links with the owners, especially when the owners are states?
Should we expect an interim version of this new financial fair play until the new Champions League in 2024? Or will we soon have a definitive version? It is rumoured that UEFA president Aleksander Ceferin wants to get straight to the point, and the date of 1 July this year is being targeted.
For a year now, financial fair play has not really existed. It has been bracketed by the pandemic, and in July 2020 the decision of the Court of Arbitration for Sport to overturn the two-year ban on European competitions imposed on Manchester City was the final blow. As far as French clubs are concerned, the settlement agreements signed by OM and Lille with UEFA last summer remain unchanged as they stand.
Lmao. I hate UEFA. Even with this new version, French clubs would still be under settlement agreements... Kill the league already.