The Financial Fair Play (FFP) project leader, Andrea Traverso, has insisted that it is not dead.
Critics have questioned AC Milan’s €200 million ($240m) spree and how Paris Saint-Germain could squeeze a €220m ($258m) pursuit of Barcelona’s Neymar by the UEFA rules.
“Certainly FFP is not dead and we will, for sure, reinforce the rules going forward,” Andrea Traverso told The Associated Press at UEFA headquarters.
“We have continuous dialogue with the clubs. They are all aware of the rules.”
Traverso noted that FC Porto was sanctioned last month, after they overspent on first-team budget targets. UEFA deducted €700,000 ($820,000) prize money and limited the squad to 22 instead of 25 senior players in this season’s competition.
UEFA’s independent club finance panel, praised the 27-time Portuguese champion’s “realistic financial and business plan” and expects compliance by 2020.
FFP has been in play since 2011.
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