In recent weeks, the discussion about the future of the Growth Decree, or lack of it, has been rife and in the latest turn in the tale, the Decree will be scrapped starting in January. So, here is what it means for AC Milan and other Lega Serie A clubs.
The Growth Decree is a huge benefit to Lega Serie A – it saves around €130million for football clubs. As a result, it means that teams can tempt foreign players with better deals due to the discounted taxation and then have more money then available to pursue talents.
READ MORE: Growth decree abolition planned – What it means for Milan in the present and future
ANSA (via Calciomercato.com) reports that the growth decree, which was set for a slight extension, will be completely scrapped. This decision was confirmed after a ‘heated debate’ among government ministers.
As a result, it means that in January, the Growth Decree will no longer be available, and clubs will feel the impacts straight away when it comes to signing international talents.
Furthermore, it may cause clubs to rush to tie foreign talents down before January 1 2024, as the Decree will not affect deals signed before this date, meaning the benefits of such will still be felt.