European football’s governing body UEFA have approved several emergency temporary measures to help clubs meet licensing regulations and Financial Fair Play rules, they have confirmed via a statement on their official website.
The newly introduced measures have the aim of giving clubs flexibility whilst ensuring they can still fulfil transfer and salary obligations, give clubs more time to quantify and account for unanticipated revenue losses and neutralising the impact of the pandemic by allowing clubs to adjust the break-even calculation, among other things.
UEFA go on to explain that all clubs who are competing in UEFA competitions must prove at July 31 and September 30 they have no overdue payables.
Clubs must also share their accounts in respect to transfers at June 30 and September 30 to allow for cross-matching of information with payables of other clubs.
With regard to the break even rule, UEFA elaborate by stating that the assessment of the 2020 financial year has been postponed by a season and will be assessed together with the 2021 financial year.
As part of their statement, UEFA have also confirmed that they have asked member associations to harmonise transfer window periods when it comes to the upcoming ‘Summer’ transfer window and have asked all associations to end their transfer windows on October 5.
