UEFA have confirmed a new transfer market reform that will prevent clubs such as Chelsea from spending huge amounts of money on fees spread over more than five years.
The governing body's executive committee voted in favour of the change, which was framed as a financial fair play loophole. From this summer onwards, clubs must pay the fees within five years of a deal being struck - although players can continue to sign longer contracts, the Mirror reports.
In a statement, UEFA said the change is “important” and explained: “The amortisation of the player’s registration will be limited to five years in order to ensure equal treatment of all clubs and improve financial sustainability.
