Goldnaija Social:




▹ Home ▹ Music ▹ Videos ▹ Mix ▹ News ▹ Gists ▹ Album


For More Info WhatsApp/Call!: +2348132200096


  UEFA Relaxes Financial Fair Play Rules Amid COVID-19 Crisis - Goldnaija

UEFA Relaxes Financial Fair Play Rules Amid COVID-19 Crisis

By: in newsJune 18, 2020

UEFA has opted to temporarily soften its financial fair play (FFP) rules to help clubs impacted by the economic fall-out of the coronavirus crisis, European football’s governing body announced on Thursday.

FFP rules mean that, over a three-year period, clubs competing in European competition are not permitted to lose more than 30 million euros ($33.7m).

However, given the damage done to the footballing economy by the interruption to the sport caused by the pandemic, UEFA has agreed to a loosening of the rules which, it says, “aim at addressing the actual problem which is revenue shortfall due to COVID-19 and not financial mismanagement”.

It means that clubs will be given longer than usual to show they have met payments owed on transfers and salaries, while “the assessment of financial year 2020 is postponed for one season, and will be assessed together with the financial year 2021”.

These measures do not impact on decisions already taken before the crisis, so for example French club Marseille are still set to be punished after they were referred in March to the adjudicatory chamber of UEFA’s Club Financial Control Body for not complying with an agreement to balance their books.

Manchester City have been banned from Europe for two years and handed a 30 million-euro fine for serious breaches of FFP regulations between 2012 and 2016.

The English club have appealed to the Court of Arbitration for Sport in Switzerland, which will announce its judgement on the case in July.

The FFP rules were brought in to combat growing debt in European football.

Assessments began in 2011 when European clubs reported overall losses of 1.7 billion euros. In contrast, according to UEFA’s most recent annual “benchmarking” report, the 700 top-tier clubs across the continent made a combined profit of 140 million euros in 2018.

– ‘Harmonised’ transfer window –

Meanwhile, UEFA has said it wants a harmonised European transfer window this summer closing on October 5, ahead of next season’s Champions League and Europa League group stages.

Following its latest executive committee meeting held via videoconference, UEFA said clubs would have until October 6 to register players for the group stage of next season’s European club competitions.

On Wednesday it was announced that the 2020-21 Champions League would start on October 20, with the Europa League group stage starting two days later.

The summer transfer window in Europe usually closes at the start of September, although individual countries do not all follow the same dates.

Football is still adapting after the current season was interrupted in mid-March because of the coronavirus pandemic.

FIFA has already permitted countries to open their transfer windows up to four weeks before the delayed season has been completed, although any new signings would not be eligible until next season.

Several countries are only just resuming competitions, with the seasons in the English Premier League and Spain’s La Liga not set to finish until late July. Italy’s Serie A will not now finish until early August.

On Wednesday UEFA announced that this season’s Champions League would be completed with a “final eight” straight knock-out format in Lisbon from August 12 to 23.

Similar formats have been adopted for the latter stages of the Europa League, in Germany, and the women’s Champions League, in Spain.

GoldNaija Share

Tags:

15 Comments
  1. Thanks a lot for providing individuals with an extremely terrific opportunity to read in detail from here. It is always very fantastic plus jam-packed with a good time for me and my office colleagues to search your website really three times weekly to study the newest items you have got. Of course, I’m also always fulfilled considering the unbelievable techniques you serve. Some 3 ideas in this post are in reality the very best we’ve ever had.
    [url=http://www.kyrie5.us.com]kyrie 5 shoes[/url]

    by kyrie 5 shoes on Aug 12, 2020 at 10:05 pm

  2. I simply wanted to write a simple note in order to express gratitude to you for those awesome instructions you are showing on this website. My time-consuming internet look up has now been recognized with reputable insight to go over with my guests. I ‘d admit that most of us website visitors actually are truly fortunate to be in a decent site with many awesome individuals with very beneficial pointers. I feel very much privileged to have discovered your web site and look forward to tons of more cool minutes reading here. Thanks once more for everything.
    yeezy boost 500

    by yeezy boost 500 on Aug 15, 2020 at 3:08 am

  3. My spouse and i got really glad when Ervin could carry out his preliminary research because of the precious recommendations he discovered using your web pages. It is now and again perplexing just to always be offering guidance that many some others might have been trying to sell. We really understand we have got the writer to thank for this. The type of illustrations you’ve made, the easy website menu, the friendships you can help to engender – it’s most unbelievable, and it is making our son in addition to us believe that this matter is enjoyable, and that is particularly pressing. Thanks for the whole lot!
    kyrie 3

    by kyrie 3 on Aug 17, 2020 at 6:16 pm

  4. I want to express my appreciation for your kindness in support of those who should have help with this one situation. Your very own dedication to passing the message all over had been particularly functional and has truly encouraged people like me to arrive at their desired goals. Your interesting advice signifies much a person like me and much more to my fellow workers. Thank you; from all of us.
    off white clothing

    by off white clothing on Aug 22, 2020 at 10:09 pm

  5. I in addition to my friends have already been digesting the best tips on your web blog then then I got a horrible suspicion I never expressed respect to you for those strategies. All of the young boys were definitely for this reason joyful to read through them and already have actually been taking advantage of them. I appreciate you for truly being really kind and then for having this kind of magnificent guides most people are really eager to be aware of. My very own sincere apologies for not expressing appreciation to sooner.
    supreme clothing

    by supreme clothing on Aug 27, 2020 at 2:20 am

  6. Thank you so much for providing individuals with such a nice opportunity to check tips from this web site. It is often very awesome and also full of fun for me personally and my office fellow workers to search your site at minimum 3 times in a week to learn the newest things you have got. Not to mention, I am usually amazed for the incredible concepts you give. Some 2 areas on this page are particularly the simplest we have had.
    kyrie 6

    by kyrie 6 on Aug 29, 2020 at 6:58 am

  7. I precisely desired to say thanks once more. I’m not certain the things I might have taken care of without the actual information shared by you about such a problem. Previously it was a challenging matter in my position, but understanding a specialized approach you solved the issue made me to weep over happiness. I will be happier for the support and then pray you realize what a powerful job you have been getting into instructing the others using your blog. I am sure you haven’t come across any of us.
    curry 7 shoes

    by curry 7 shoes on Aug 31, 2020 at 9:37 am

  8. I wish to show appreciation to you for rescuing me from this condition. Just after checking throughout the online world and finding methods which were not powerful, I was thinking my entire life was well over. Being alive without the strategies to the difficulties you have resolved by way of your good website is a critical case, and the ones that would have in a wrong way damaged my entire career if I hadn’t encountered the website. Your actual natural talent and kindness in maneuvering the whole thing was valuable. I am not sure what I would have done if I had not encountered such a step like this. I am able to at this moment relish my future. Thanks a lot very much for this professional and results-oriented help. I won’t be reluctant to recommend the website to any person who should have guide on this issue.
    off white

    by off white on Sep 2, 2020 at 2:51 am

  9. This web page is really a stroll-via for the entire info you wanted about this and didn抰 know who to ask. Glimpse right here, and you抣l undoubtedly discover it.
    bape clothing

    by bape clothing on Sep 3, 2020 at 8:39 pm

  10. It is best to participate in a contest for one of the best blogs on the web. I will recommend this site!
    yeezy

    by yeezy on Sep 5, 2020 at 10:58 pm

  11. I am often to blogging and i actually appreciate your content. The article has really peaks my interest. I am going to bookmark your site and hold checking for brand spanking new information.
    jordan shoes

    by jordan shoes on Sep 8, 2020 at 1:07 am

  12. You must participate in a contest for top-of-the-line blogs on the web. I will advocate this site!
    yeezy boost 350

    by yeezy boost 350 on Sep 10, 2020 at 12:53 am

  13. That is the precise weblog for anybody who wants to find out about this topic. You realize a lot its almost exhausting to argue with you (not that I actually would want匟aHa). You undoubtedly put a brand new spin on a subject thats been written about for years. Great stuff, just nice!
    giannis antetokounmpo shoes

    by giannis antetokounmpo shoes on Sep 12, 2020 at 4:34 am

  14. There may be noticeably a bundle to know about this. I assume you made sure good points in features also.
    kobe shoes

    by kobe shoes on Sep 14, 2020 at 8:23 pm

  15. very nice submit, i certainly love this website, carry on it
    golden goose sneakers

    by golden goose sneakers on Sep 16, 2020 at 10:56 pm

Drop Your Comment Below!

« | »

GoldNaija bot Chat
Send via WhatsApp



GoldNaija bot Chat
Send via WhatsApp

ABOUT US | CONTACT US | ADVERTISE | TERMS


GoldNaija bot Chat
Send via WhatsApp