In an attempt to improve competition, the European football governing body has tweaked its rules on Financial Fair Play

Uefa has updated its Financial Fair Play (FFP) rules in a bid to make clubs more attractive to new investors and improve competition.

FFP was introduced as a way of preventing clubs from spending beyond their means and curbing huge losses, with fines imposed on those found in breach and some clubs receiving bans from Uefa competitions.

Manchester City, Paris Saint-Germain and Inter are among those to have been sanctioned under FFP rules, but Uefa president Michel Platini stated last month that the regulations were set to be eased.

Following the opening day of its Executive Committee meeting in Prague, Uefa has now confirmed the changes, which will come into force on July 1 and allow clubs that have gone through a business restructuring or takeover more scope for investment.

read more<<<<<<<<<<<<<<<http://newsafricanow.com/uefa-approves-changes-to-ffp-rules/