UEFA will implement new spending rules to replace the existing Financial Fair Play regulations.
According to recent reports, UEFA will abolish Financial Fair Play (FFP) rules in favor of a new 70 percent spend ratio.
According to the New York Times, the new financial control overhaul will not include a salary cap, but violations will result in point deductions and possible relegation from the Champions League. UEFA has been in talks with a representative group of elite clubs for more than a year about a new model to replace FFP, with teams' spending now limited to 70% of their income.
The new rules will be UEFA's rule book will be updated following a vote by its executive board on April 7. The rules will also be renamed, as UEFA is rumored to be moving away from FFP.
Chelsea and Arsenal are currently in contention to qualify for next season's aforementioned Champions League, sitting third and fourth in the Premier League standings, respectively. Tottenham Hotspur, the Gunners' local rivals, are currently fifth, which means they will qualify for next season's Europa League.
Former Arsenal defender Martin Keown, on the other hand, has backed Spurs to finish ahead of his former club, claiming that their final stretch isn't as difficult as Mikel Arteta's. "There are a lot of games to play."
"There’s a lot of games to go, and I still put Spurs as favourites to make it into the top four," he said on Saturday.
"I know Arsenal are in the box seat, but when you look at the fixtures, you see games away at Chelsea and Spurs." It's difficult. It's in Arsenal's hands, and if they keep performing like this, they'll get there, but there's a long way to go.
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