ScoRoss Posted June 22, 2020 Share Posted June 22, 2020 Quote Owners of top clubs will temporarily be permitted by Uefa’s financial fair play rules to put more money into their clubs, to cover increased losses caused by football’s shutdown due to the Covid-19 pandemic. Uefa announced a series of “emergency measures” to acknowledge that clubs competing in the Champions League and Europa League, who must comply with FFP “break-even” limits, cannot do so this season because of drastic losses caused by the shutdown. The principles accept that clubs can make losses greater than the permitted €30m over a rolling three-year period, and that owners can cover those losses. Uefa stressed, however, that it was still committed to encouraging good financial management by clubs, and the measures were aimed only at “neutralising the adverse effects of the pandemic”: lost ticket income while matches are played behind closed doors, and the potentially major loss of some TV, commercial and sponsorship income. Link to comment Share on other sites More sharing options...
ScoRoss Posted June 22, 2020 Author Share Posted June 22, 2020 Link to comment Share on other sites More sharing options...
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