Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Europe to Impose Salary Cap?
The Evening Standard, September 20th, 2006 5:05PM

MOST READ

MOST COMMENTED

Will big European clubs like Chelsea, AC Milan and Real Madrid soon be faced with a spending cap? UEFA, Europe's governing soccer body, is meeting this week to discuss imposing a new licensing system that would limit how much a club could spend on players and salaries. Sports ministers across Europe have expressed growing outrage at the unfairness of clubs that are owned by billionaires who can soak up massive losses. Chelsea, for example, has spent $521 million on players while racking up losses of over $430 million since Roman Abramovich took control of the club. "There is support for the idea of introducing a better relationship between income earned by clubs and the amounts spent," England Sports Minister Richard Caborn said at the meeting. When a club is owned by a billionaire, the sports ministers argued, the massive losses it drums up are effectively subsidized, giving it an unfair advantage. Well, world soccer has never really been about fairness, but imposing spending limits on clubs based on their turnover or profit would be a step in the right direction -- especially as soccer clubs increasingly act more and more like businesses and less like sports associations. The limits, which have yet to be finalized, are being drawn up by UEFA and the governments' of Britain, Germany, Italy, Spain, France and Portugal. The new licensing rules would have legal status in Europe and be policed by UEFA; they also include new regulations on agents and club financial structures as well as a test for investors who wish to become club owners. Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Cavs weather storm to down VCU    
No. 5 Virginia won its fourth straight game against VCU, but thanks to Penn transfer Sam ...
Ferdinand: Moyes' Tactics 'Embarrassing'    
Former Manchester United defender Rio Ferdinand launched a scathing attack on former coach David Moyes in ...
Critic Apologizes to Saints Fans     
Southampton, many critics' pick to be relegated this season after selling so many players during the ...
Inter Crushes Sassuolo, 7-0, Again    
Inter Milan made up for its disappointing 0-0 draw away to Torino on the opening day ...
Simeone Hails Atleti 'Strength'    
Atletico Madrid coach Diego Simeone hailed his team's "strength" as the defending La Liga champ beat ...
Reports: Hamburg Coach Running Out of Time     
The German press claimed that Hamburg SV coach Mirko Slomka is running out of time, as ...
AC Milan Goes Top Following Nine-Goal Thriller     
AC Milan climbed to the top of the Serie A standings on Sunday following a thrilling ...
Wenger: Wilshere Back to His Best    
Arsenal coach Arsene Wenger said that Jack Wilshere is finally back to his best following the ...
Calderon: Ronaldo Could Seek Man United Return    
ESPN reports that former Real Madrid President Ramon Calderon believes Cristiano Ronaldo will return to Manchester ...
Freshmen show off talents in 'fantastic' Big Ten showdown    
No. 8 Wisconsin won a battle of unbeaten Big Ten teams when the Badgers defeated No. ...
>> Section 2 Around the Net Archives