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UEFA to Scrap Financial Fair Play Giving Clubs More Freedom to Pursue Transfer Targets

Amreen
UEFA President Aleksander Ceferin is set to scrap FFP rules
UEFA President Aleksander Ceferin is set to scrap FFP rules / Alexander Hassenstein/Getty Images
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UEFA are reportedly preparing to scrap Financial Fair Play (FFP) regulations in a bid to allow football clubs greater control over their finances and the way they do business in the transfer market.

The existing rules were put in place by UEFA's Financial Control Panel under Michel Platini and Gianni Infantino. But now, according to a report by Italian outlet Gazzetta dello Sport, UEFA are finally set to make a major overhaul and introduce new rules, allowing clubs greater flexibility over their spending power.

Chelsea were one of the highest spenders in the transfer market last summer, shelling out over £220million on the likes of Timo Werner, Kai Havertz, and Ben Chilwell. However, any further spending would see them breach UEFA's FFP rules - a rule which is now proposed to be changed.

Italian journalist Tancredi Palmeri told talkSPORT: "It’s the idea that UEFA honestly was thinking about for quite a bit. The COVID situation has just pushed the things ahead. It’s a long process. It’s not like today let’s click it off and tomorrow every club can spend everything. It’s not exactly like that.

“UEFA wants to switch into a more sustainable, controlling format that would not limit the pumping in of money. Financial Fair Play was an idea that was born with Michel Platini, but it was during a different financial moment. We know that football has never been in such a crisis, so it would be silly to limit investment for clubs who can invest. Investments will then be benefitting other clubs who are selling.

“At the same time, this doesn’t mean Financial Fair Play is over and everyone can spend whatever they want. There will be more freedom, but it’s a long process. As long as you are sure the money is not getting out of the world of football, so it’s not finishing only in the pockets of players or agents, everyone gets to benefit from it.”

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