Union of European Football Associations (UEFA) President Michel Platini said that the governing body of European football is preparing to 'ease' the Financial Fair Play (FFP) rules it introduced in 2011 to stop clubs from overspending.
The BBC quoted Platini, as saying that the FFP rules were 'working well', but would be 'eased' this summer.
FFP was introduced in an attempt to prevent rich owners from spending unlimited amounts of cash on clubs and distorting the market. Under the rules, clubs who take part in the European competition cannot spend more than their generated revenue.
Manchester City and Paris St-Germain were given fines of up to 60 million euros last season and had their squad sizes capped for the Champions League, although they could get 40 million euros back if they would stick to the terms of their negotiated settlements.
Platini's General Secretary Gainni Infantino said that the FFP had proved successful in achieving considerable improvement in the financial health of European football.
