UEFA HAS CONFIRMED WILL SUSPENDED FFP THIS SEASON.
UEFA has officially suspended FFP this season due to the corona virus outbreak and UEFA announces the suspension of all competitions until further notice, without specifying specific dates. The following are official statements from UEFA that they have announced to the public through the media:
"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."
"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."
Comments
Post a Comment