The clubs of the premier league voted this Tuesday in favor of limiting the amortization of football players’ contracts to a maximum of five years, regardless of their duration, to prevent teams like Chelsea from taking advantage of it to avoid financial ‘fair play’, according to The Athletic.
Until now, clubs could pay the signing price over the duration of the contract, which led to seven, eight or nine-year contracts being signed in order to express the transfer price over as many years as possible. That is, a player signed for 100 million and to whom a ten-year contract applies, costs the club 10 million per year.
Chelsea used it with signings such as Enzo Fernández, who cost 106 million pounds (120 million euros) and signed a contract until 2031, and Mykhailo Mudryk, who signed for 70 million euros with an eight-and-a-half-year contract.
The proposal was voted on Tuesday at the monthly meeting of Premier League clubs and will not be retroactive, so contracts already signed will not be affected.
Furthermore, in this way the Premier League is aligned with UEFA, which limits the amortization of contracts to five years.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
