Key Takeaways:
- Six Serie A clubs, including Lazio, Napoli, Atalanta, Fiorentina, Torino and Genoa, are currently at risk of transfer bans due to stricter financial thresholds
- The critical “Expanded Labor Cost” to Revenue ratio indicator has been reduced to a 70% limit following a recent Federal Council ruling
- Clubs must submit financial statements by November 30 for assessment, with imminent risks of sanctions as early as January
Financial Compliance Challenges in Serie A
A significant shake-up in Serie A’s financial governance has placed six clubs under scrutiny, with the possibility of transfer market prohibitions looming as soon as January. According to TuttoMercatoWeb, Lazio, Napoli, Atalanta, Fiorentina, Torino and Genoa are all exposed to these sanctions, prompted by new, more stringent regulations.
Mercato bloccato nella sessione di gennaio 2026? L'indicatore del costo del lavoro allargato mette a rischio sei club di #SerieA: ecco quali https://t.co/XtsEvvDkDS
— Calcio e Finanza (@CalcioFinanza) November 27, 2025
Revised Ratio and League-wide Implications
The source of the threat is a Federal Council directive that has lowered the threshold for the clubs’ “Expanded Labor Cost” (CLA) to Revenue (R) ratio to 70 percent. Clubs failing to comply with this benchmark will be restricted from registering new players unless they can produce instant capital gains or inject fresh capital. These financial constraints apply uniformly, irrespective of previous financial prudence or current challenges.
| Club | At Risk of Transfer Ban |
|---|---|
| Lazio | Yes |
| Napoli | Yes |
| Atalanta | Yes |
| Fiorentina | Yes |
| Torino | Yes |
| Genoa | Yes |
Reporting Deadlines and UEFA Alignment
Clubs are required to submit their complete financial statements, reflecting their fiscal status as of September 30, by November 30. Upon examination, the extent of compliance and the potential severity of the crisis for each club will be determined. The initiative anticipates UEFA economic guidelines due for implementation in 2026, which will also impose the threat of transfer restrictions for breaches.
