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Radio France Internationale
Radio France Internationale
Sport

European football chiefs back radical shake-up of club financing

Chelsea goalkeeper Edouard Mendy celebrates with his teammates after they beat Manchester City 1-0 to claim the 2021 Champions League. The owners of both clubs have faced criticism for spending huge amounts of cash in search of domestic and European supremacy. AFP - MANU FERNANDEZ

Top bosses at European football teams on Tuesday unveiled a series of reforms to the way finances are organised and monitored for outfits competing in continental competitions

The European Club Association (ECA) - which is made up of 247 clubs including Paris Saint-Germain, Bayern Munich and Manchester City, backed the proposed scrapping of financial fair play (FFP) rules in favour of a new system governed by a spending limit.

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