Uefa has signed off sanctions for breaches of its new financial sustainability rules which include deducting points in the post-2024 single Champions League group stage league table as well as stripping clubs of previous trophies and disqualifying them from competitions.
At a meeting of Uefa’s Executive Committee in Vienna on Tuesday the sanctions were agreed that will provide punishments to clubs who infringe the regulations due to come into effect from June.
Uefa has changed the name of the regulations from “Financial Fair Play” to “Financial Sustainability” to remove the assumption that financial restrictions provide a level playing field.
The new financial regulations are part of a raft of changes to European club football’s most prestigious competition set to take place over the next two years. The new Champions League format, known as the Swiss model and due to begin in 2024, will see the traditional group stage scrapped.
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Instead, all 36 clubs — an increase from the current 32 — will be placed in a single league and play a set number of games, the final league positions determining who makes the knock-out phases.
As part of the reforms, Uefa has rewritten its financial rules which were first implemented in 2010. The officials behind the new regulations believe they will be harder to circumvent than previously.
Clubs will have to limit expenditure on transfers, agents fees and wages to 70 per cent of revenues, although it will start at 90 per cent and be reduced by 10 per cent over the next three years to enable clubs to adapt.
Last year, it emerged that Barcelona’s wage bill alone was 103 per cent of the club’s income.
Under new no overdue payables rules, clubs will be monitored four times a year to ensure they are not late paying other football clubs (transfer fees are usually spread over several years), wages or tax authorities.
Clubs will be able to lose up to €60m (£51.4m) over three years — double the previous figure — but Uefa will use external agencies to more closely monitor sponsorship deals with third-parties, to prevent clubs inflating contracts with brands linked to their owners.
Sanctions, signed off on Tuesday, include removing previous trophies from offenders, banning clubs from current or future competitions, and docking points in the new group stage league table.
Individual players signed during periods breaching the rules could be forbidden from competing in Europe the following season.
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Uefa is expected to tweak the controversial extra two historic co-efficient that would have enabled wealthier clubs easier access to the Champions League if they did not qualify by final league position. The extra places are likely to go to clubs who have finished highest in their respective table and performed best in Europe the previous season.
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