NYON, April 7 — Uefa today approved new licensing regulations to replace its existing Financial Fair Play rules, allowing European clubs to make bigger losses than before but limiting spending on wages and transfers.
FFP’s limitations had been exposed by the emergence of state-held superpowers like Manchester City and Paris Saint-Germain. Uefa will now allow clubs to report losses of €60 million over three years rather than €30 million previously, and the permitted figure will even reach €90 million for a club “in good financial health”.There was never any possibility of bringing in a specific salary cap like those used in North American sports because Uefa has 55 member countries with well over 1,000 clubs and must contend with European Union and national labour and competition laws.
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