UEFA to ditch Financial Fair Play that could affect Man City, Newcastle and PSG and bring in new rules that would see clubs allowed to spend up to 70 per cent of income on ‘football-related activities’

UEFA are set to ditch Financial Fair Play (FFP) after ten years and usher in radical changes to the restrictions placed on European clubs.

The governing body are due to replace FFP rules and impose new laws that will see clubs have their spending capped at 70 per cent.

FFP was introduced in 2011 in a bid to stop football teams from running up huge losses, and to encourage them to be wiser with their money.

Since then, the regulations have been relaxed, but big fines and bans have been imposed onto clubs.

Man City and Paris Saint-Germain, for example, were hit with fines close to £50million in 2014.

The Premier League winners were then given a much tougher ban a few years later when UEFA banned them from the Champions League for two years in 2020.

However, that decision was overturned by the Court of Arbitration for Sport a few months later.

Since then, no major impositions have been brought in by the governing body who are set to overhaul the current statutes.

At the moment, the laws state that no entity can spend more than €5million [£4.2m] than what they earn over a three year period, or €30m [£25m] if the owner can cover the losses.

Now, according to the New York Times, the FFP laws are set to be ditched in favour of new restrictions.

The Associated Press report the new rules will see clubs permitted to spend up to 70 per cent of their income on ‘soccer-related activities’.

The European Club Association (ECA), will assess the proposals from UEFA in a meeting on Thursday, with the finals rules set to be confirmed in April.

However, some teams are pushing for a higher figure, with the New York Times reporting that they want a 85 per cent limit.

Their report also states a 90 per cent cap will initially be brought in, before that figure is then reduced to the targeted amount after three seasons.

Should teams over spend, then they will be relegated within UEFA’s competitions, from the Champions League to the Europa League and the Europa Conference League.

But if they abide to the rules and are financially healthy, they could be allowed to spend another $10m.