All licensees that have been admitted to the UEFA Champions League, the UEFA Europa League or the UEFA Europa Conference League (the relevant competitions) must comply with the club monitoring requirements as set out below.
Club monitoring requirements comprise the following:
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Solvency requirements;
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Stability requirements;
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Cost control requirements.
The solvency requirements must be fulfilled by all clubs admitted to the relevant competitions.
The stability requirements must be fulfilled by all clubs admitted to the relevant competitions except those clubs that have employee benefit expenses in respect of all employees below EUR 5 million in each of the reporting periods ending in the two calendar years before commencement of the UEFA club competitions.
The cost control requirements must be fulfilled by all clubs that qualify for the group stages of the relevant competitions except those clubs that have employee benefit expenses in respect of all employees below EUR 30 million in the reporting period ending in the calendar year in which the UEFA club competitions commence and the reporting period immediately prior to that.
Decisions related to an exemption to the requirements defined in this chapter are taken by the CFCB and are final.
If a licensee’s annual financial statements are denominated in a currency other than euros, then to determine whether it should be exempt or not from the stability requirements and cost control requirements, the relevant figures must be converted into euros at the average exchange rate of the reporting period, as published by the European Central Bank or other appropriate source.
If a licensee’s annual financial statements are for a reporting period which is greater or less than 12 months, then the threshold amount for exemption is adjusted up or down according to the length of the reporting period. The licensee’s employee benefit expenses are then compared to the adjusted threshold amount.