UEFA, European soccer’s governing body, has spent more than a year in talks with a representative group for elite clubs about a new model to replace its so-called financial fair play rules, the cost-control mechanism that has for a decade sought to limit team expenditures as part of an effort to promote competition.
UEFA has finally alighted on a replacement. Teams’ soccer-related spending, according to people briefed on the regulations, will not be able to surpass 70 percent of their income, a regulation that appears watered down from the strict salary cap that had long been championed by UEFA’s president, Aleksander Ceferin.