Financial Fair Play rules have been suspended across European football to ease the strain on clubs facing huge losses after Covid-19.
Billions of pounds has been wiped off the value of the sport globally in recent months. The Football Association announced this week it had taken out a loan to cover its losses of up to £300 million.
To ease the strain on clubs unable to break even, Uefa announced FFP break-even assessments for 2020 will be postponed for 12 months and looked at alongside the financial year 2021. Uefa says it hopes to neutralise the impact of the pandemic by averaging the combined deficit of 2020 and 2021 and by “further allowing specific Covid-19 adjustments”.
An official statement added that the changes will address “the actual problem” of revenue shortfall and “not financial mismanagement”….