The League reported yesterday in Madrid on the changes to the Financial Fair Play (FPF) regulations, approved and active since November 2. Javier Gómez, corporate general director of the organization and chief financial officer of Valencia CF between 2009 and 2012, was the one who explained a series of modifications that have the main objective of giving air to the clubs when it comes to signing on the market. At the same time as reinforcing, even more so, its economic vigilance, La Liga aims to promote and attract investment in order to begin to counteract in the coming years the loss of competitive quality in comparison, especially, with the Premier. A good part of the reforms, more significant than in previous seasons, could affect an entity like Valencia CF, which, however, with a view to the January market, does not plan to bet on reinforcing the squad coached by Rubén Baraja. Likewise, the updated FPF regulations could also have a future influence on the Mestalla club from La Liga’s plan to attract new investment. In fact, it is worth mentioning how months ago he has been linked to various groups and investment funds interested in the state of Valencia’s health. Among the variations adopted by the League, for example, the possibility of increasing the percentage usable for the cost of staff from a capital increase stands out. If to date the clubs that did not exceed their financial margin could use 80% of the result of the enlargement over four years, from now on they will be able to use 100% in two years. Those close to equilibrium would have the option of reaching 90% in those 24 months and those exceeding 70% in the same time. However, the rule has an exception for those who have exceeded accumulated losses worth 60 million, as is the case of Valencia (31, 43 and 6.9) during the last three years. In this case, only a contribution to margin income of 25% of the turnover would be allowed. Another flexibility that comes into effect is that overextended clubs will be able to sign and register players through salary savings. 60% of non-franchise players and 70% of franchise players (those whose salary exceeds 5% of the squad cost) may be reinvested. However, it is worth noting that, according to its annual accounts, Valencia left just over ten million euros unconsumed, so today it is not a club that has exceeded its squad cost. Previously, the payment of what was owed as a result of Covid-19 decided to be deferred for five years. With the changes, the years for the return are extended, as well as the period to catch up with the 15% advanced on its day from CVC, for which a 5% discount is also made in the FPF account. In addition, clubs that begin stadium renovations with this CVC loan will save 5% of their turnover in the calculation of the FPF for two years. In parallel, the amounts invested to build stadiums and sports cities will not enter the margin up to a maximum of 4% of the turnover. Situations that would have a direct effect on Valencia CF, which is approaching a new Agreement with the City Council for the Nou Mestalla.
2023-11-15 09:04:06
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