Following meetings between European football’s governing body UEFA and the European Clubs Associations (ECA) financial fair play has been restructured and they are just waiting for the final ok before launching ‘financial fair play 2.0’ according to Gazzetta dello Sport.
“In financial fair play 2.0 some useful measures have been implemented for transparency and harmonisation: the publication of club budgets and also the commissions for agents will be made mandatory. There will be the same accounting principles for all, regardless of the country of origin.”
A maximum negative balance limit of €100 million will also be introduced in an attempt to stop the crazy spending seen in the past few windows from the likes of Paris St Germain. It is also being brought in in a bid to adjust the unbalanced accounts of clubs in Europe.
Gazzetta dello Sport also report that the ECA rejected UEFA’s proposal of introducing a luxury tax due to deeming it too risky.