A new era of fiscal responsibility in European basketball will get underway as Financial Fair Play rules agreed to following several years of study and input by Euroleague clubs are set to take effect next month with the start of the '15-16 season. The regulations, which will apply to each fiscal year between July 1 and June 30, seek to ensure a greater balance in the clubs' budgets to help them and the league build consistent and sustainable growth. Under the new measures, any Euroleague club that does not guarantee a minimum budget of €4M ($4.4M) will not be permitted to participate in the competition. Rejection is also possible if a club has overdue debts or its aggregate budget deficit averages more than 10% over the three previous seasons, although in both cases, registration may be allowed if an alternative compliance plan is approved by the company. If other requirements are breached, such as holding player salaries to 65% or less and shareholder contributions to 75% or less of budgets, clubs will be subject to disciplinary proceedings (Euroleague).
