UEFA has today announced new Financial Fair Play rules, with clubs required to publish their accounts, “including payments to agents”.
The executive committee of European football’s governing body met in Kiev today, and have announced reforms to FFP.
“The UEFA Executive Committee approved today the new edition of the Club Licensing and Financial Fair Play regulations to further strengthen the existing rules and to adapt to the ever-evolving environment of European football,” a statement confirmed.
“The new regulations will increase transparency with the obligation for clubs to publish their financial information, including payments to agents.
“Secondly, there will be improved harmonisation of financial and accounting reporting principles on football specific transactions, such as specific accounting requirements for the transfer of players.
“Thirdly, a more proactive approach in order to anticipate financial issues, by introducing a series of new financial indicators that will allow a stricter monitoring of clubs’ budgets by the CFCB.
“The indicators are: the sustainable debt ratio that will enhance the monitoring over the debt position of clubs and the player transfer deficit indicator that will enhance the monitoring on clubs transfer spending over a certain amount.”
Culled from Football Italia
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