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ARTICLE · 06 JULY 2020

UEFA Adopts Temporary Emergency Measures For Financial Fair Play

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On June 18, 2020, the UEFA Executive Committee adopted an addendum to the UEFA Club Licensing and Financial Fair Play Regulations containing ...

ItalyCoronavirus (COVID-19)
Stella Riberti
Stella Riberti
Paolo Macchi
Paolo Macchi
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On June 18, 2020, the UEFA Executive Committee adopted an addendum to the UEFA Club Licensing and Financial Fair Play Regulations containing a set of temporary emergency measures aimed at limiting the negative effects of the COVID-19 outbreak on the finances of European football clubs.

By way of background, the UEFA Financial Fair Play Regulations were introduced in 2010 by UEFA, the governing body of football in Europe, with the ultimate aim of safeguarding the long-term welfare and sustainability of European football.

The cornerstone of Financial Fair Play is the so-called break-even rule, pursuant to which clubs participating in the UEFA Champions League and the UEFA Europa League, must not spend more than the income they generate. In doing so, they must balance their accounting books over the course of three reporting periods. The maximum aggregate acceptable break-even deficit for three reporting periods is EUR 5 million. Such threshold may be exceeded by up

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