UEFA urges leagues to close transfer window on October 5

Share

UEFA has advised that the 2020 June transfer window should close no later than October 5.

The governing body has set October 6 as the deadline for player registrations for European competition next season, so is therefore recommending the window close the previous day.

FIFA set the parameters for the June transfer window last week, allowing them to be opened in countries before the restarted domestic season is finished – but the FA have been discussing a window from August to October.

But a UEFA statement on Thursday read: “The deadline for player registration for the group stage of the 2020-21 UEFA club competitions has been set to October 6, 2020.

“As a result, the UEFA executive committee called on all member associations to adopt a harmonised end date to the upcoming summer transfer window, with this date set as October 5, 2020.”

UEFA’s executive committee has also approved temporary changes to its Financial Fair Play and club licensing regulations in light of the economic challenges presented by the pandemic.

The break-even assessment of club finances for 2020 will be postponed, and looked at alongside the financial year 2021.

The intention of the changes is to provide clubs with greater flexibility in order to meet transfer and salary obligations; quantify and account for unexpected losses of revenue; and adjust the break-even calculations for any shortfall in earnings reported this year or next.

UEFA hopes to neutralise the impact of the pandemic by averaging the combined deficits of 2020 and 2021 and by “further allowing specific Covid-19 adjustments”.

RELATED STORY: Man City’s UEFA ban appeal to be decided in July

By Sky Sports

Leave a Reply

Your email address will not be published. Required fields are marked *

shares