MANCHESTER: The executive committee of the Union of European Football Associations (Uefa) has approved new “sustainability regulations” to replace the previous Financial Fair Play system, Uefa President Aleksander Ceferin said on Thursday.
A new “squad cost rule” will limit spending on wages, transfers and agent fees to 70% of a club’s revenue — with that figure reached after a three-year gradual change.
“Uefa’s first financial regulations, introduced in…
