UEFA 'set to reveal proposals to replace Financial Fair Play rules with a salary cap and luxury tax for those who break it' in which clubs would be limited to spending a fixed percentage of their revenue on salaries
UEFA are set to introduce proposals over a salary cap and a luxury tax The proposals would replace the current Financial Fair Play system in use today Any clubs breaching the salary cap would then have to pay a luxury tax The luxury tax would be redistributed to other clubs in European competitions The plans are set to be discussed at a UEFA conference in September By Kieran Lynch For Mailonline
Published: 18:25 BST, 12 August 2021 | Updated: 18:26 BST, 12 August 2021
UEFA are reportedly set to to reveal proposals next month which would see Financial Fair Play rules replaced by a salary cap and luxury tax by next year.
The current FFP system which was introduced 11 years ago, state that clubs must break even over a three year period.
Under the planned system as reported by the Times, clubs participating in European competitions would be limited to spending a fixed percentage of their revenue - said to possibly be around 70 per cent - on salaries.
UEFA (president Alex Ceferin pictured centre) are planning to bring in a salary cap and luxury tax for any teams that breach it
UEFA are set to introduce the proposals at a conference on the future of European football
Any clubs found to breach the cap would have to pay a luxury tax in which the 'equivalent or more' of any overspend would go into a pot to be then redistributed to other clubs in the competition.
The proposals are set to be unveiled a conference on the future of European football that UEFA is
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