UEFA to prevent clubs spreading cost of transfers with lengthy contracts

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Chelsea and other European clubs will no longer be able to spread a transfer fee acro s more than five years of a players initial contract after UEFA closed a loophole in its regulations.The Blues have signed a number of players on lengthy deals over the last two transfer windows, including handing eight-and-a-half-year contracts to Enzo Fernandez and Mykhailo Mudryk in January.The transfer Yan Gomes Jersey fees are then spread evenly over the course of that contract, meaning the longer it is, the smaller the annual payments recorded on the clubs accounts.For instance, a 100million fee would be amortised at 20million a year with a five-year contract, but at only 12.5m a year if a deal was eight years.There is still nothing in the rules which come into force from July 1 preventing a club from spreading the cost by extending a contract, but for amortisation purposes that Shawn Kelley Jersey extension itself could not be for more than five years either.Clubs can still sign players to longer contracts if their national a sociations allow it, but the cost of the transfer fee must be amortised over the first five years unle s the contract is extended.UEFA said the new regulations would not apply to deals already done, but would ensure equal treatment of all clubs and improve financial sustainability.European footballs governing body has also moved to prevent clubs colluding to inflate the value of players for accounting purposes.This follows the capital gains scandal involving clubs in Italy, which led to the entire Juventus board resigning in November last year.Clubs must a se s whether a transaction counts as a straight swap, in which case it must be accounted for in line with international standards. International Accounting Standard (IAS) 38 states that if it is not po sible to calculate the fair value of a player, profit on a sale cannot be recognised.UEFA confirmed Lisbons Jose Alvalade Stadium would host the 2025 Womens Champions League final, and announced plans for a minimum standards framework for womens national teams to ensure equality of player welfare standards and travel and training conditions. UEFA said the detail would be announced in due course.The 2024 and 2025 Europa Conference League finals are set to be staged in Athens and Wroclaw in Poland respectively. The Athens venue is a new arena, so will be a se sed during AEK Joaquin Benoit Jersey Athens European competition matches and Greeces Euro qualifiers before being confirmed officially in December.Europes third-tier mens club competition will be rebranded as the UEFA Conference League from 2024-25, dropping the word Europa from its title following research among fans and commercial partners to further distinguish it from the Europa League.
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