The most terrible effects on world football clubs in Covid-19. The teams have economic difficulties when they have to temporarily stop playing for a long time and have no idea when to return. UEFA will helps teams to solve economic problems.
The Athletic assessments of the disease bring the most terrible effects on world football clubs in Covid-19.
Therefore, UEFA decided to relax the provisions of the Financial Fair Law (FFP). The club will have one more month to resolve the outstanding debts when the deadline is March 31 will move to 30/4.
That means any additional support from the owner for the club in the coming months will be rated softer than usual.
However, in order to ensure that the money will be used for staff salaries, not transfers, UEFA will review each case carefully.
Recently, FC Sion, a team in Switzerland, fired Alex Song, the former Barca star and eight other players because they did not pay a discount. This is a typical case of the impact that football clubs in Covid-19 has on world football. Therefore, this move of UEFA is highly appreciated by football clubs in Covid-19 economists.
“UEFA makes a realistic and reasonable decision. By extending repayment times, UEFA helps teams focus on solving backlog issues rather than complying with the rules,” Kieran Maguire, a financial expert who teaches at Liverpool University, shared.
“At the same time, teams with strong financial resources can freely spend to overcome this difficult period without worrying about interference by UEFA,” Mr. Maguire added.
John Mehrzad, an expert on sports law, also agreed with Maguire’s opinion. However, he also warned the clubs can meet unpredictable consequences if spending is not reasonable.
“That way of spending is reasonable, but it is more likely to be abusive. For example, a club is injecting a lot of money from the investor to pay players, but they use it to spend on the market. This is why UEFA insists on a case-by-case review, “said Mehrzad.
Nick De Marco, an FFP expert working in the UK, said the new UEFA regulations are sensitive. However, he wants the FA (British Football Federation) to apply this provision. Currently, teams in the foggy country have difficulty paying salaries for players due to the rules of profitability, sustainability here is much stricter than FFP.
Currently, teams in the foggy country have difficulty paying wages
“They are trying to pay their employees during economic hard times. And the only way is to borrow money. So they don’t deserve to be fined for taking on debt,” said De Marco.
Currently, EFL (England and Wales tournament system) has not made any comments on the new UEFA rules. To apply the same rule, they need approval from 71 teams and a meeting is ongoing.
The latest, EFL said the teams in the lower division in the UK will be supported £ 50 million. In addition, they can receive support from Premier League teams.
football clubs in Covid-19, like other sports, has to adjust to activities, change schedules. In many cases, they also strive to support the community against diseases even though they are struggling. This time, the new UEFA regulations are highly appreciated.
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