Come for all the major happenings across the football world. Stay for the original content that explores, reflects on and celebrates the beautiful game.
Follow us on

NEWS

CHAMPIONS LEAGUE

UEFA puts new financial regulations in place

The Executive Committee announced its first major reform to the financial regulations since 2010

UEFA official logo

UEFA official logo

The European football’s governing body believes that reform was necessary, especially in the wake of the pandemic that saw clubs endure heavy financial losses. 

 

According to UEFA, the new regulations have been put together to “protect the game and prepare it for any potential future shocks while encouraging rational investments and building a more sustainable future for the game.”

“The regulations limit spending on wages, transfers, and agent fees to 70% of club revenue.” read the official website. “Assessments will be performed on a timely basis and breaches will result in pre-defined financial penalties and sporting measures.”

 

The new rules will come into effect from June 2022, and clubs will be given three years to implement them. For that period, the losses that clubs are allowed to make have been increased from €30 million to €60 million to help them gradually adapt to the new regulations.

RELATED STORIES

Salah holding the UEFA Super Cup after Liverpool beat Chelsea on penalties

7 months ago

Pochettino during Tottenham's match vs CSKA Moscow in the Champions League

CHAMPIONS LEAGUE

Manchester United interview Pochettino as manager search continues

The PSG head coach has recently been under criticism for his side’s Champions League elimination at the hands of Real Madrid

8 months ago

Origi during Liverpool's pre-season friendly vs Mainz

CHAMPIONS LEAGUE

Liverpool’s Divock Origi close to agreeing contract with Italian giants

The striker has recently struggled to make the squad ever since Liverpool’s injured players have returned

8 months ago

Julian Nagelsmann during a Champions League game

CHAMPIONS LEAGUE

Bayern Munich submit bid for Ajax ace

The midfielder can see himself playing for Nagelsmann’s side

8 months ago

Rudiger for Chelsea vs Zenit in Champions League, September 2021

CHAMPIONS LEAGUE

Rudiger and Juventus agree four-year-deal

Juventus have brought in a number of players on free transfer over the years

8 months ago