Vital Villa member HeathfieldRoad1874 pointed out the new regulations coming into force in a forum thread: UEFA Financial Fair Play Regulations and said:
I apologise if I keep banging on about this, but it is probably the single most important event since the Premier League was started.
Following a discussion on another thread, I thought it might be useful to have somewhere to discuss it properly.
Basically, I’ve identified the important aspects from the 85 page document issued by UEFA.
Article 53 – Responsibilities of the Club Financial Control Panel
3 The Club Financial Control Panel will at all times bear in mind the overall objectives of these regulations, in particular to defeat any attempt to circumvent these objectives.
Article 58 – Notion of relevant income and expenses
4 Relevant income and expenses from related parties must be adjusted to reflect the fair value of any such transactions.
ANNEX X: Calculation of the break-even result
A. Summary of the calculation of the break-even result
1. The break-even result for a reporting period is calculated as relevant income
less relevant expenses (see Article 58).
2. Relevant income is equivalent to the sum of the following elements (detailed in
a) Revenue – Gate receipts
b) Revenue – Sponsorship and advertising
c) Revenue – Broadcasting rights
d) Revenue – Commercial activities
e) Revenue – Other operating income
f) Profit on disposal of player registrations (or income from disposal of player
g) Excess proceeds on disposal of tangible fixed assets
h) Finance income
Relevant income is decreased if the elements a) to h)
in paragraph 2 include any items below
i) Non-monetary credits
j) Income transaction(s) with related party(ies) above fair value
k) Income from non-football operations not related to the club
To me, Annex X, Part A section 2 j) is the most telling – Income transaction(s) with related party(ies) above fair value.
If anyone wants to read it for themselves, and maybe spot anything I’ve missed then it available here via pdf download: Click Here