UEFA have announced an easing of the Financial Fair Play rules during the “current exceptional circumstances” of the coronavirus shutdown.
In their statement, which followed a conference call between the 55 member associations on Wednesday, European football’s governing body also suspended the upcoming planned international men’s and women’s games planned for June.
The Champions League and Europa League are still expected to go ahead once it is safe enough to resume.
Meanwhile, the shutdown has inevitably put some clubs in financial difficulty, so won’t have to present their balance sheets for the 2020-21 season.
However, it’s reported the campaign will still be considered during the eventual three-year break-even period calculations, so it is only a temporary measure.
“The Executive Committee reiterated its full commitment to club licensing and Financial Fair Play and agreed that the current exceptional circumstances necessitate some specific interventions to facilitate the work of member associations and clubs.
“It supports the proposal to give member associations more time to complete the club licensing process, until the admission process for next season's UEFA club competitions has been redefined.
“As a result of the increasing uncertainty generated by the ongoing extraordinary events, the Executive Committee also decided to suspend the club licensing provisions that relate to the preparation and assessment of clubs' future financial information. This decision applies exclusively for participation in the 2020/21 UEFA club competitions.”
In their statement, which followed a conference call between the 55 member associations on Wednesday, European football’s governing body also suspended the upcoming planned international men’s and women’s games planned for June.
The Champions League and Europa League are still expected to go ahead once it is safe enough to resume.
Meanwhile, the shutdown has inevitably put some clubs in financial difficulty, so won’t have to present their balance sheets for the 2020-21 season.
However, it’s reported the campaign will still be considered during the eventual three-year break-even period calculations, so it is only a temporary measure.
“The Executive Committee reiterated its full commitment to club licensing and Financial Fair Play and agreed that the current exceptional circumstances necessitate some specific interventions to facilitate the work of member associations and clubs.
“It supports the proposal to give member associations more time to complete the club licensing process, until the admission process for next season's UEFA club competitions has been redefined.
“As a result of the increasing uncertainty generated by the ongoing extraordinary events, the Executive Committee also decided to suspend the club licensing provisions that relate to the preparation and assessment of clubs' future financial information. This decision applies exclusively for participation in the 2020/21 UEFA club competitions.”
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