UEFA considers tearing up FFP rules rendered "purposeless" by Covid crisis
25 March 2021
"Current FFP regulations are not adapted to current circumstances," says UEFA director
New financial demands placed on football clubs by current crisis necessitate future-focused FFP regulations. Existing rules that look into past are "somehow purposeless."
UEFA hints at salary and transfer caps in shake up of financial controls.
Devastating picture painted of financial chaos wreaked by the Covid crisis, with clubs in Italy, France, the Netherlands, Portugal and Balkans most affected by transfer market collapse.
UEFA confirms that it has opened a consultation process on the future of Financial Fair Play (FFP), which one of its leading executives says has been rendered "purposeless" in its current format in the wake of the Covid-19 crisis.
Speaking at a policy discussion on financial sustainability in European football, which was co-hosted by the European Parliament and UEFA, UEFA's director of research and financial sustainability, Andrea Traverso, said that "rules must always evolve" and that European football's governing body had started to canvas opinions from stakeholders.
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