https://www.uefa.com/insideuefa/about-ue...42261.html
So it seems that FFP regarding the last monitoring period will be extended by a year. Essentially a 4 yr period instead of 3, allowing teams to get back into compliance. In other words, it's not scrapped, and still very much a hinderance to clubs like our own.
Based on what I got from there
1) In 2021, instead of asseasing the Break-Even requirement for 3 seasons (18, 19, 20), they will only assess 18 and 19. This bypasses 2020, however it is not scrapped and rather will be assessed the following year, giving clubs some extra time to get into compliance
2) Therefore in 2022, instead of assessing 19, 20, 21 as normally, they will assess 4 years by looking at 18 again in addition to 19, 20, 21.....but the key is combining 20 and 21 as 1.
No other detail was given, but by the looks of it, doesn't seem like clubs can go out and spend without being mindful of FFP. Because it'll come back to haunt them in the 2022 assessment.
It also seems to screw teams that had a bad 2018...since that year will linger around longer. However, we settled with UEFA regarding that year, right?
This crap is so confusing and the papers never give a good explanation of it. I'd really like to know more about it but all the articles are so vague and give zero details.