UEFA will abolish Financial Fair Play (FFP) rules, with a new 70% spend ratio introduced instead, according to recent reports.
The New York Times have reported that the new financial control revamp will not include a salary cap but breaching sanctions can result in point deductions, as well as potential relegation from the Champions League. UEFA have spent more than a year in talks with a representative group for elite clubs about a new model to replace FFP, with teams' spending now unable to surpass 70 per cent of their income.
The new rules will be added to UEFA’s rule book after a vote from its executive board on April 7. The rules will also have a new name as UEFA are reportedly looking to move away from FFP.
