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January 24, 2023 UEFA To Change Rules In Response To Chelsea Deals

In reaction to Chelsea's recent practice of acquiring players on long-term contracts, Uefa will alter its Financial Fair Play regulations.

Chelsea may stretch the player's transfer price over the course of prolonged contracts when presenting their yearly financial reports.

Mykhailo Mudryk's eight-and-a-half-year contract will be worth £11 million a year, which makes him an £89 million signing.

A transfer fee may only be amortized over five years, according to Uefa.

Under UK standards, clubs will still be allowed to offer lengthier contracts, but they will not be able to extend transfer fees over the first five years.

The new FFP regulations won't be retroactive and will take effect in the summer.

Due to the lengthy contracts of the players, Chelsea will be able to stay within the rules even after the Madueke signing brought their total expenditure since last summer close to £450 million.

The Blues must abide by two sets of rules: the profit and sustainability standards of the Premier League and, since they often compete in European competition, the FFP restrictions of Uefa.

Clubs are permitted to spend up to 5 million euros (£4.4 million) over three years, according to current Uefa regulations. They may go above this amount up to a cap of 30 million euros (£26.6 million) if the club's owner covers the full cost.

Clubs that violate these criteria might face a variety of sanctions from warnings to penalties and possibly the loss of European championships, according to the regulating body.

Although permissible losses over three years have increased to 60 million euros (£49.96 million), new Uefa regulations put a cap on teams' expenditure on salaries, transfers, and agency fees at 70% of their income.

The laws will be implemented gradually, with the proportion set at 90% of income in 2023–2024, 80% in 2025–2026, and then 70% in 2026–2027.

 

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