UEFA are re-designing their Financial Fairplay rules with proposals that could radically alter the current system, according to reports in the Italian media.

There are three changes that could be implemented if they are agreed to by European clubs. Firstly, a salary cap could be introduced whereby a limit would be set on how much a club could spend in total on salaries in their first-team squad.

Due to EU competition rules, though, UEFA are aware such a cap would not be approved unless they can disguise it as a tax or some sort of financial penalty.

The second change would effectively remove sporting sanctions, such as being thrown out of European competitions, with more stringent economic punishments being put in their place.

Finally, accountancy rules would be overhauled. Currently, the system works on the basis that a club can spend as much as they collect in revenue, but this could be adjusted to spending on what is necessary and without waste.

For Manchester City, these changes will undoubtedly be welcomed, especially after their run-in with UEFA. Last year, they were originally banned from the Champions League for financial breaches before the suspension was overturned by CAS. Other teams may, though, see the proposals as watering down FFP to the point where it becomes meaningless, and we shall see how clubs react to the prospective changes.