After reading through the case about FFP rules (see the attached) and supplemental materials (see the links below), please answer the following questions:
UEFA approved new regulations to replace its existing Financial Fair Play (FFP) rules.
1. What is the major financial problem facing many European Professional football clubs these days?
2. What is UEFA doing to sort out this current financial problems (e.g., replacing FFP and introducing new regulations). Is it going to work?
https://www.france24.com/en/live-news/20220407-uefa-adopts-new-regulations-to-replace-financial-fair-play-1
https://www.skysports.com/football/news/11095/12584543/uefas-new-financial-sustainability-regulations-to-replace-ffp-all-you-need-to-know#:~:text=The%20regulation%20limits%20spending%20on,into%20force%20in%20June%202022.
https://www.uefa.com/returntoplay/news/0274-14da0ce4535d-fa5b130ae9b6-1000–explainer-uefa-s-new-financial-sustainability-regulations/