×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

UEFA agree new financial rules for clubs

April 7, 2022 UEFA president Aleksander Ceferin during the news conference REUTERS

UEFA's executive committee has approved new "sustainability regulations" to replace the previous Financial Fair Play system, president Aleksander Ceferin said on Thursday.

A new "squad cost rule" will limit spending on wages, transfers and agent fees to 70% of a club's revenue -- with that figure reached after a three-year gradual change.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in