I have been saying FFP is unfit for purpose since its inception - on here, on FB and in pub banter, and we nailed that in court, albeit we could have gone much further in exposing FFP as a means of protecting the cartel from us. In effect, we won in court on a first round stoppage - we could have jabbed for twelve rounds and done more to rip apart FFP.News emerged that the governing body deem the current FFP rules 'no longer fit for purpose' and are set to replace them with rules that mean clubs in European competition would be limited to spending a fixed percentage of their revenue, in the region of 70 per cent, on salaries.
Any club in breach of those rules will have to pay a luxury tax where 'the equivalent or more' of any overspend would go into a pot to be shared among other clubs.
UEFA are set to replace their current Financial Fair Play regulations with a 'luxury tax' which will affect Everton, Liverpool and the Premier League.www.liverpoolecho.co.uk
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