UEFA are planning to overhaul their current Financial Fairplay (FFP) regulations in a bid to improve their effectiveness, according to reports.
Both Manchester City and Paris Saint-Germain have won appeals against UEFA at the Court of Arbitration for Sport in recent years so a new approach is to be tried.
Salary caps will be imposed on all clubs taking part in European competitions, while those who exceed the cap will have to pay a “luxury tax”, with the proceeds being redistributed to teams further down the food chain. Persistent breaches of the cap could eventually lead to Champions League and Europa League bans
Celtic would likely be one of those to benefit from the changes, along with a number of other teams, as they could be the recipient of some of the “luxury tax” funding.
However, they could also fall foul of the new regulations. The salary cap limit is expected to be set at 70% of the club’s turnover; something that Celtic have exceeded in recent years. It means they would have to cut their cloth accordingly in order to ensure they stay within UEFA’s rules.
