UEFA have given their latest update regarding European competitions and Financial Fair Play amid the Coronavirus pandemic.
The European governing body spoke with representatives of the 55 UEFA member associations on Wednesday afternoon via video call to discuss their latest decisions.
Football has understandably taken a back seat in these uncertain times as Europe and the rest of the world continues to battle the COVID-19 pandemic.
The financial impact on clubs is expected to be huge, with the absence of TV money, gate receipts and other matchday revenue streams for the foreseeable future.
And of course UEFA’s FFP regulations are calculated on the revenue a particular club makes and how much they spend in comparison, something which meant Milan were put under tough restrictions after their reckless summer 2017 spending campaign.
Now though European football’s governing body have announced that due to the ongoing emergency FFP regulations have been slackened in view of the 2020-21 European competitions.
Their statement reads: “The deadlines related to all 2020/21 UEFA club competitions are postponed until further notice, in particular as regards the admission process and the registration of players. UEFA will set new deadlines in due course.
“The Executive Committee reiterated its full commitment to club licensing and financial fair play and agreed that the current exceptional circumstances necessitate some specific interventions to facilitate the work of member associations and clubs.
“It supports the proposal to give member associations more time to complete the club licensing process, until the admission process for next season’s UEFA club competitions has been redefined.
“As a result of the increasing uncertainty generated by the ongoing extraordinary events, the Executive Committee also decided to suspend the club licensing provisions that relate to the preparation and assessment of clubs’ future financial information. This decision applies exclusively for participation in the 2020/21 UEFA club competitions.”
