UEFA considers tearing up FFP rules rendered "purposeless" by Covid crisis

"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.