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UEFA 'set to SCRAP Financial Fair Play rules' to allow clubs to have more control over their finances... with matter to be discussed with the European Parliament on Friday

UEFA are preparing to get rid of Financial Fair Play regulations to allow teams greater control over their finances, according to reports in Italy.

The decade-old regulations were devised by UEFA's Financial Control Panel under Michel Platini and Gianni Infantino, and the European Club Association initially appealed against its introduction.

But now according to Italian outlet Gazzetta dello Sport, the body favour a radical overhaul including new rules which will allow clubs greater flexibility with regards to their spending power, particularly in the transfer market.

UEFA (president Aleksander Ceferin pictured) are preparing to get rid of Financial Fair Play regulations to allow teams greater control over their finances, according to reports
FFP came in around a decade ago under former general secretary Gianni Infantino

Other details regarding the rules will be discussed on Friday in a video conference call with the European Parliament.