UEFA intends to abandon the financial fair play system, says journalist Tancredi Palmieri on Twitter. Shortly, a new financial control system will be announced, which will give clubs more freedom to make transfers.
Financial fair play has been introduced since the 2011/12 season. According to it, clubs should not spend more money than they earn. Several clubs have already received fines for their violation, and some have been excluded from European competitions.
In February 2020, Manchester City was suspended from European competition for two years, but the club managed to challenge the CAS’s suspension in July.