UEFA set to pull the plug on the Financial Fair Play system

As part of a new era for the federation, UEFA has reportedly decided to pull the plug from the Financial Fair Play system soon.

UEFA’s Financial Fair Play system prevents football clubs from creating monopolies in which they are the only ones signing the best players in the world. There was a limit to what every club could spend every season according to their overall annual budget. Until today, this system did wonders for the less powerful football clubs as it prevented a big fish from taking their best assets. All of that might die soon after UEFA’s latest reported decision.

According to journalist Tancredi Palmeri, this rule is set to get erased over the next couple of years. If this happens, powerful clubs such as Manchester City, Chelsea, or Paris Saint-Germain won’t have a limit to their annual expenses. It would effectively kill any competition that has a chance to win titles with the current system at hand. This can also mean that billionaires around the world can now dream of buying a football club without hesitation.

UEFA to blow final whistle over financial fair-play:

it will be announced a new system of financial control that will leave much more freedom of spending to clubs
— Tancredi Palmeri (@tancredipalmeri) March 24, 2021

Palmeri explains how FFP will change over the years.

In an interview with Simon Jordan, this is what Palmeri had to say: “It’s the idea that UEFA honestly was thinking about for quite a bit,” Palmeri told talkSPORT. “The COVID situation has just pushed the things ahead. It’s a long process. It’s not like today let’s click it off and tomorrow every club can spend everything. It’s not exactly like that. UEFA wants to switch into a more sustainable, controlling format that would not limit the pumping in of money.

“Financial Fair Play was an idea that was born with Michel Platini, but it was during a different financial moment. We know that football has never been in such a crisis, so it would be silly to limit investment for clubs who can invest. Investments will then be benefiting other clubs who are selling. At the same time, this doesn’t mean Financial Fair Play is over and everyone can spend whatever they want. There will be more freedom, but it’s a long process.”