Uefa to relax FFP rules to allow more owner investment after Manchester City and PSG argue against unfairness
Both City and PSG were hit with a £49m fine and given transfer restrictions but Uefa are facing growing pressure after receiving 10 legal challenged
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The financial fair play rules that saw Manchester City handed a huge fine by Uefa last season are set to be relaxed.
Uefa is expected to announce next month that the FFP rules will be eased to allow more owner investment - a move that will aim to nullify more than 10 legal challenges that the European governing body is now facing.
Some clubs including City have argued that the FFP rules favour the rich, established clubs because they effectively prevent wealthy owners taking over a club and pumping in huge sums of money over a short period.
That scenario happened with City and Paris St Germain and both were handed £49million fines and transfer restrictions last season and the European Clubs' Association has been putting pressure on Uefa for a change.
Uefa president Michel Platini has revealed that some of the rules will be "eased" - and the lawyer leading one of the legal challenges against the FFP system has responded by welcoming the move.
Platini told French radio station RTL: "The world is two-faced but we will say this openly: I think we'll ease things, but it will be the executive committee who will decide if it is to be eased or something like that, and the outcome will be known by the end of June.
"I think the regulations have been very good and it is the clubs who voted for FFP.
"But the French press say it is not right that (Chelsea owner Roman) Abramovich can buy many players and in France they can not buy them. But if the Qataris had bought AC Milan the French would also say we should make financial fair play even tougher. As it is, the Italians wanted it eased."
One source close to the negotiations told Press Association: "Many clubs want change - the current system means those who have more will always have more, and those who have less will always have less."
Jean-Louis Dupont, the lawyer leading the legal action against Uefa, said in a statement: "We welcome the announcement of a change in the rules in line with the demands expressed by our clients in their various legal actions.
"When the exact content and scope of these changes are known, we will consider with our clients how this development, which on first sight appears favourable, is likely to meet their legitimate expectations and influence the conduct of ongoing actions."
PA
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments