Article 92 Calculation of squad cost ratio - Club Licensing

UEFA Club Licensing and Financial Sustainability Regulations

Content Type
Technical Regulations
Specific Regulations
Club Licensing
Enforcement Date
1 July 2023

A licensee’s squad cost ratio is calculated as the sum of:

  1. employee benefit expenses in respect of relevant persons;

  2. amortisation/impairment of relevant persons’ costs; and

  3. costs of agents/intermediaries/connected parties (if not included in i or ii above);

    divided by the sum of:

  4. adjusted operating revenue; and

  5. net profit/loss on disposal of relevant persons’ registrations and other transfer income/expenses.


The squad cost ratio numerator is the sum of i), ii) and iii) above. The squad cost ratio denominator is the sum of iv) and v).


The elements of the squad cost ratio are defined in Annex K.


The relevant periods for the calculation of the squad cost ratio are:

  1. the 12-month period to the 31 December during the licence season for elements i) to iv) above; and

  2. the 36 months to the 31 December during the licence season, prorated to 12 months, for element v) above.


Exceptionally, a licensee may request an alternative period for the elements in paragraph 1 above if it has an annual accounting reference date of:

  1. 31 May, in which case it may prepare interim financial statements for a six-month period ending 30 November and use such interim financial statements for the cost control requirements, or

  2. 30 November, in which case it may use the annual financial statements for the reporting period ending 30 November for the cost control requirements.

In both such exceptional cases, all references to 31 December in the cost control requirements should be understood as 30 November.