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UEFA agree new financial rules for clubs

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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.

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