UEFA implement new spending rules that will have a major impact on Chelsea, Arsenal, and Tottenham.
New spending regulations will be implemented by UEFA to replace the present Financial Fair Play standards. According to recent rumors, UEFA will remove Financial Fair Play (FFP) laws and replace them with a new 70 percent spend ratio.
According to the New York Times, the new financial control overhaul will not contain a wage restriction, but violations of sanctions would result in point deductions and possible relegation from the Champions League.
UEFA has been in negotiations with a representative group of elite clubs for more than a year regarding a new model to replace FFP, with teams’ expenditure currently limited to 70% of their income.
Following a decision by UEFA’s executive board on April 7, the new rules will be introduced to the organization’s rule book. The regulations will also be renamed since UEFA is rumored to be moving away from FFP.
Chelsea and Arsenal are now in contention to qualify for next season’s aforementioned Champions League, ranking third and fourth in the Premier League standings, respectively.
Tottenham Hotspur, Arsenal’s local rivals, is currently in fifth place, guaranteeing they will qualify for the Europa League next season.
Former Arsenal defender Martin Keown, on the other hand, has backed Spurs to finish ahead of his former club, suggesting that their final stretch isn’t as difficult as Mikel Arteta’s. “There are still a lot of games to go,” he remarked on Saturday, “and I still rate Spurs as favorites to finish in the top four.”
“I understand that Arsenal is in the box seat, but when you look at the schedule, you see games away at Chelsea and Spurs. It’s a challenge. It is in Arsenal’s hands, and if they continue to play like they are, they will succeed, but there is still a long way to go.