A Financial Fair Play loophole found by Chelsea owner Todd Boehly has led to UEFA limiting European clubs to give players a maximum of a five-year contract, according to The Times.
This comes following the American owner signing off on an eight-and-a-half-year deal for Ukrainian winger Mykhailo Mudryk, the longest contract a player has ever received in the 30-year history of the Premier League.
In the wake of this, the officials of European football’s governing body, UEFA, are planning to set a maximum of five-years for the length of time over which a player’s transfer fee can be spread. The policy is set to be brought in before the summer transfer window, meaning if NUFC must move quickly if they are planning to take advantage of this loophole anytime soon!
Newcastle are not strangers to creative accounting, the signing of Nick Pope being spread over three windows is a great example. With transfer news impending over the next week – is this something Dan Ashworth and co. could exploit?
Following the departure of Chris Wood, the Magpies have clear deficiencies in their forward line. The club has been consistent in bringing in youth talent, with Garang Kuol likely to be the first of many teenage sensations we look to recruit. However, with Howe looking for ready-made options able to boost our top four pursuit, any top quality attackers we look to bring in won’t come cheap.
Everton’s Anthony Gordon has been heavily linked recently, but it is unlikely a Premier League club would take these slow instalments over a long period of time.