UEFA revises FFP rules… Chelsea’s ‘long-term contract’ is the reason
The European Football Federation (UEFA) plans to revise its Financial Fair Play (FFP) rules. This is because Chelsea of the English Professional Football Premier League (EPL) is avoiding the restrictions of the FFP regulation with a long-term contract.
According to the British media BBC on the night of the 24th (Korean time), UEFA plans to revise the FFP rules and regulate the way transfer fees are distributed in accounting according to the contract period. FFP rules limit club spending to a certain percentage of revenue. The current FFP regulation allows transfer fee expenditure to be distributed according to the length of the player’s contract, but from this summer it will be limited to a maximum of five years.
UEFA’s rule change is because of Chelsea. Despite spending a large amount of transfer fee this season, Chelsea signed a long-term contract with the player, and divided the transfer fee by the contract period to significantly reduce accounting expenses. Chelsea recently acquired Mihailo Mudrik from Shakhtar Donetsk (Ukraine) for a transfer fee of 89 million pounds (approximately 135.7 billion won). Chelsea have signed an eight-and-a-half-year deal with Mudrik, which has resulted in £89m of expenditure split over eight years in their accounts. 토토사이트
Currently, UEFA’s FFP rules allow clubs to spend 5 million euros (6.7 billion won) more than their revenue in the last three years. If the owner pays all the expenses, it will increase to 30 million euros (40.3 billion won). Since Mudrik’s transfer fee was distributed over eight years, Chelsea’s accounting expenditures have been significantly reduced to around £11 million (16.7 billion won) per year, which is free from FFP regulation restrictions. In addition to Moudrik, Chelsea also signed Benoit Badiacil for 6 years and 6 months, Datro Popana for 6 years and 6 months and Noni Madueke for 7 years and 6 months.