UEFA's Executive Committee have endorsed amendments made to the UEFA Club Licensing and Financial Sustainability including that club will no longer be able to amortise registrations over a period longer than five years, even if a player's contract is in excess of that time. The rules are set to come into force on July 1st.
Since Todd Boehly and Clearlake Capital completed the takeover of Chelsea, their approach to signing players to long contracts made waves as they spread vast sums across a number of years in their accounting. That is in contrast to when selling a player as profits from a sale go immediately into your books and are offset against FFP losses.
With the west London side having spent in excess of £600million, they saw the likes of Mykhailo Mudryk and Enzo Fernandez sign deals until 2031. Mudryk's move for example could have been represented on this year's FFP accounts as just £7.3million-per-year rather than in excess of £80million including add-ons.
