Finance: "The first major reform since financial fair play was introduced in 2010" (UEFA)

"The regulation limits spending on wages, transfers, and agent fees to 70% of club revenue. Assessments will be performed on a timely basis and breaches will result in pre-defined financial penalties and sporting measures," this is the most striking development of the new regulations approved by the UEFA Executive Committee at its meeting in Nyon (SUI) on 07/04/2022 and which constitute "the first major reform of UEFA's finance regulations since they were introduced in 2010," according to the European body.

Instead of the term "financial fair play", UEFA now prefers the term "financial sustainability."

"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 rational investments and building a more sustainable future for the game," explained Aleksander Ceferin, president of the European body.

• These new "UEFA Club Licensing and Financial Sustainability Regulations" are based…