UEFA’s executive committee have voted in favour of a transfer market reform that will block clubs such as Chelsea from spending huge amounts of money on fees that are repaid across spells of more than five year.
The governing body have made the move after the West London club were able to spend more than £600m across the previous two windows because they had signed players to deals of seven or eight years, allowing them to spread amortisation payments more thinly.
But from this summer on clubs will need to pay the fees within five years of a deal being struck - although players can continue to sign longer contracts - as UEFA look to close what has been framed as a financial fair play loophole.
