UEFA publishes Financial Fair Play Regulations
UEFA has published its new Club Licensing and Financial Fair Play Regulations, in which the requirements and criteria are laid down for the implementation and functioning of UEFA's financial fair play measures aimed at improving European club football's overall well-being.
The UEFA Executive Committee approved the regulations unanimously at its meeting in Nyon last month.
The regulations (which can be accessed on UEFA.com) have been drawn up in consultation with, and with the agreement of, the major stakeholders in the European game.
Financial discipline is an essential element of the measures which, among other things, seek to curb the spiralling transfer fees, player salaries and other outgoings that have endangered European club football for some years now.