The UEFA executive committee has voted in favor of a change in the transfer window fees that will block football clubs from spending huge amounts of money on players and paying them across their contract years.
UEFA released a statement describing the change as an important amendment.
UEFA said, “The amortization of the player registration will be limited to five years in order to ensure equal treatment of all clubs and improve financial sustainability.”
In the case of a contract extension, the amortization can be spread over the extended contract period but up to a maximum of five years from the date of the extension.
See also Patrick Vieira is the new coach of Crystal Palace
“Such a change will not restrict the way in which the clubs operate, and it will not apply retroactively to transfer operations that have already taken place.”
This summer, clubs will need to pay the fees within five years when a deal is being struck. However, players are allowed to sign a longer contract with clubs.
The governing body has made this decision after watching Chelsea spend more than £600 million across the previous two transfer windows.
Chelsea signed players to deals of seven to eight years, which allows them to make payments thinly.
Read more:https://futballnews.com/uefa-executive-committee-changes-rules-over-transfer-fees-payment/
UEFA released a statement describing the change as an important amendment.
UEFA said, “The amortization of the player registration will be limited to five years in order to ensure equal treatment of all clubs and improve financial sustainability.”
In the case of a contract extension, the amortization can be spread over the extended contract period but up to a maximum of five years from the date of the extension.
See also Patrick Vieira is the new coach of Crystal Palace
“Such a change will not restrict the way in which the clubs operate, and it will not apply retroactively to transfer operations that have already taken place.”
This summer, clubs will need to pay the fees within five years when a deal is being struck. However, players are allowed to sign a longer contract with clubs.
The governing body has made this decision after watching Chelsea spend more than £600 million across the previous two transfer windows.
Chelsea signed players to deals of seven to eight years, which allows them to make payments thinly.
Read more:https://futballnews.com/uefa-executive-committee-changes-rules-over-transfer-fees-payment/