Clubs are only allowed by UEFA to spend 70 percent on salaries and transfers

UEFA announced stricter financial rules on Thursday.

Over the next three seasons, it will gradually be introduced that European clubs will only be allowed to spend 70% of their turnover on salaries, transfers and bonuses for agents.

The new rules are a reform of the Financial Fair Play regulations, which were created in 2010.

“UEFA’s first financial regulations served their primary purpose.

They provided better financial housekeeping and revolutionized the way European football clubs are run,” UEFA said in a press release on Thursday.

According to UEFA, changes in football and the consequences of the coronavirus pandemic have shown that large-scale reforms were necessary.

In this way, the association wants to ensure that clubs implement a financially sustainable policy.

Clubs

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