UEFA Executive Committee today received an update on the European Club Football Recovery Programme, which ultimately aims to guarantee the financial stability of the European football ecosystem.
The European Club Football Recovery Programme aims to use the copyright income from UEFA matches as collateral to improve the financial stability of European clubs and allow them to obtain more liquidity in the coming years. The initial estimate of €2 billion is expected to grow over time, with Citibank being the only global coordinating bank for the program and could begin operations as early as next spring.
Clubs applying for the scheme must meet certain eligibility criteria, both financial and competitive, as well as comply with the Financial Equity Scheme, which will provide them with a competitive and stable source of funding to establish a future football funding framework. Clubs have the opportunity to extend the payment period for transfer payments, which will not affect the seller and therefore have a positive impact on both parties to the transaction.
At the same time, the financing scheme will be accompanied by stricter fiscal equity review provisions, with the ultimate aim of guaranteeing financial stability across the European football ecosystem, a plan that will be finally decided by the UEFA Executive Committee.
(Luke)
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