The latest reforms of financial control in European football will pass without salary restrictions, such as those in American sports (salary cap), which would have the effect of limiting the spending of teams, writes the New York Times.This means that the idea of UEFA President Alexander Ceferin, who has long advocated strict limits for the salaries of players, in order to stop the huge gap between the clubs, has practically failed. Instead, a rulebook will be passed that will certainly not prevent the richest European clubs from paying the biggest stars huge salaries and continuing to dominate.UEFA is set to replace financial fair play with a system that will allow teams to spend only 70 percent of their incomes.Failure to follow the limit could result in deduction of points or relegation from the Champions League, reports @tariqpanja pic.twitter.com/MMxFNZCBWO— B/R Football (@brfootball) March 22, 2022 The governing body of European football has spent more than a year negotiating with a group of elite clubs on a new model that would replace Financial Fair Play. The current cost control mechanism has been rather unsuccessful in controlling the club’s spending limit, so it is ready for replacement.What is certain is that UEFA will introduce a regulation according to which clubs will not be able to spend more than 70% of their income. The rulebook will be voted on at the Executive Board of the European House of Football on June 7 and will be called the Regulations on Financial Sustainability.The same source states that English clubs, which have by far the highest revenues from television rights, could seriously benefit from this, while others will remain in similar problems as before.
