As a result of the crisis caused by the coronavirus pandemic, UEFA has decided to review certain rules of financial fair play.
After having unveiled the new format and the program for the different European Cups, including a Champions League Final 8 organized in Lisbon next August, and the maintenance of the host cities for Euro 2021, UEFA has announced new measures, this Thursday, after the second day of work of its executive committee. And as expected, financial fair play has been relaxed.
UEFA has announced that it has taken temporary emergency measures to give European clubs more time to absorb the consequences of the financial crisis caused by the coronavirus pandemic. European clubs will have one more year to validate their 2020 accounts and the years 2020 and 2021 will be considered together. “The assessment for fiscal year 2020 has been postponed for one season and will be reviewed at the same time as fiscal year 2021”, UEFA said in a statement.
However, clubs already in the sights of UEFA will not be spared. At least for everything related to the years 2018 and 2019. ” The 2020/2021 monitoring period is shortened and covers only two reporting periods (years ended in 2018 and 2019). The 2021/2022 monitoring period is extended and covers four reporting periods (years ended in 2018-2019-2020 and 2021). Fiscal years 2020 and 2021 are considered as a single period“, Took care to specify the European confederation. TheOlympic Marseille, whose file was recently sent to the trial chamber by the ICFC investigators for non-compliance with financial fair play, is therefore not out of the woods and will therefore have to undergo an austerity cure this summer to meet its commitments.
Marseille, such a critical situation?
Bad sign for OM
Financial fair play: OM will not be spared