UEFA plans to rewrite existing Financial Fair Play rules for clubs that have been in place during the last decade.
European football’s governing body spent more than a year crafting the new regulations with a representative group for elite clubs.
Talks accelerated after teams saw $7.7 billion collectively removed from their balance sheets during the pandemic.
UEFA’s proposed regulations continue its effort to promote fair competition in European football.
Spending on operations will no longer be allowed to exceed 70% of a club’s income.
Clubs have a three-year grace period before having to implement the new rules.
The regulations are not expected to include a hard salary cap.
UEFA executive members are scheduled to vote on the new regulations on April 7.
UEFA’s existing regulations have been met with criticism from fans and clubs for their inability to alleviate financial inequality in European football.
Criticism intensified in 2020 after UEFA overturned Manchester City’s two-year ban from the Champions League for breaching FFP rules.
