UEFA introduced FFP at the start of the 2012-13 season as a way of preventing clubs from spending beyond their means and posting unsustainable yearly losses.
According to CNN, the rules give UEFA sweeping powers, including exclusion from the lucrative Champions League, to punish financially recalcitrant clubs, although an Italian football agent, who claims FFP breaches European Union competition laws, has challenged the regulations.
The report mentioned that Daniel Striani's complaint argues UEFA's 'break-even rule' restricts competition- a key principle of European Law- and will reduce the number of transfers, which could potentially lower players' salaries and by implication agents' fees.
However, UEFA is confident that it will win the case, arguing that the European Commission, the European Parliament, as well as European clubs, leagues and players' unions have all been fully supportive of FFP, the report added. (ANI )