Man City and PSG targeted with FFP 2.0 that will see clubs limited to £89million net spend a season
The revised regulations are seen by many as an attempt to rein back the new financial giants
MANCHESTER City and Paris Saint-Germain have been targeted by a new spending clampdown backed by Europe’s main clubs.
Under the new Financial Fair Play 2.0 model, clubs will be restricted to transfer market losses of £89m in any season.
City and PSG, who have spooked the traditional European elite with their financial power, had been protesting against the planned development.
The revised regulations are seen by many as an attempt to rein back the new financial giants.
But now the European Clubs Association, which represents the 160 biggest clubs under the Uefa umbrella, has confirmed its backing for the measures.
Anderlecht’s Michael Verschueren, a member of the ECA board, said: “We agree there should be a maximum deficit clubs are allowed in the market per season.
Premier League clubs net spend this summer
- Arsenal- £64.8m (spent £68.3m, received £3.5m)
- Bournemouth- £29.4m (spent £47.7m, received £18.3m)
- Brighton- £49.6m (spent £57.1m, received £7.5m)
- Burnley- £29.5m (spent £29.5m, received £0)
- Cardiff City- £28.5m (spent £28.5m, received£0)
- Chelsea- £87.3m (spent £128.6m, received £41.3m)
- Crystal Palace- £9.5m (spent £9.5m, received £0)
- Everton- £33.4m (spent £53.6m, received £20.3m)
- Fulham- £68m (spent £72m, received £4.1m)
- Huddersfield- £32.1m (spent £42.9m, received £10.8m)
- Leicester- £5.9m (spent £81m, received £75.1m)
- Liverpool- £155.4m (spent £167.9m, received £12.5m)
- Manchester City- £25.2m (spent £62.5m, received £37.4m)
- Manchester United- £51.6m (spent £70.9m, recieved £19.3m)
- Newcastle- £28.2m profit (spent £17m, received £45.2m)
- Southampton- £33.5m (spent £54.5m, received £10m)
- Tottenham- £2.2m profit (spent £0m, received £2.2m)
- Watford- £13.4m profit (spent £30.3m, received £43.7m)
- West Ham- £82m (spent £94.9m, received £12.5)
- Wolves- £64.1m (spent £69.8m, received £5.7m)
“If clubs look like they will breach this, they can be immediately investigated to see if they will not meet FFP requirements.”
Despite the opposition from City and PSG, the new measures are set to come into play from next summer.
Based on just the net spend over the summer, Liverpool would be penalised.
But Chelsea and West Ham would struggle to do any January business, without making sales, if they were to comply with rule.
Manchester City came under fire when they spent large sums of money last summer to bolster their squad.
The money seemed well spent as they completed last year's season in record-breaking style.
But they didn't splash the cash this summer apart from their expensive purchase of Riyad Mahrez.
While PSG managed to circumvent the FFP rule last year after buying Neymar and Mbappe.
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