‘UEFA’s Executive Committee meets today in Kyiv to approve, amongst other matters, the 2018 version of the UEFA Club Licensing and Financial Fair Play Regulations. The current regulations have been in force since 2015,’ notes @laurasportlaw on Twitter.
UEFA’s Executive Committee meets today in Kyiv to approve, amongst other matters, the 2018 version of the UEFA Club Licensing and Financial Fair Play Regulations. The current regulations have been in force since 2015. https://t.co/9cgWBnQsZu
— Laura Sports Law (@laurasportslaw) May 24, 2018
She continues: “A breakdown of potential amendments to the existing regulations can be found HERE.
“General focus is expected to be on increased transparency and scrutiny, including into the working relationships with intermediaries.”
A breakdown of potential amendments to the existing regulations can be found here: https://t.co/slxRCv8jbz General focus is expected to be on increased transparency and scrutiny, including into the working relationships with intermediaries.
— Laura Sports Law (@laurasportslaw) May 24, 2018
Point 3 in the link above is interesting:
Clubs’ books made public
In France, this has been in place for years. The DNCG publishes an annual report with detailed information on Ligue 1 and Ligue 2 clubs’ books. But it is not implemented across Europe yet. From this point forward, all teams playing in European competitions must be completely transparent with their books at the risk of facing the Club Financial Control Body.
As is point 5…
Keeping an eye on clubs’ debts
Up until now, the experts of UEFA’s Club Financial Control Body made efforts to enforce the main principle of FFP, that clubs playing in European competitions could not exceed the €30m during these last three seasons. For the 2018-2019 season, their debts will be directly observed and cannot exceed a certain amount vis-à-vis their revenue. The idea is to avoid evasion and risks of bankruptcy.
None of the Scottish sides currently expecting to play in Europe next season will have anything to worry about, will they?
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