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
Wenger: Vermaelen May Leave Arsenal    
Arsene Wenger says defender Thomas Vermaelen, who has attracted interest from both United and Barcelona, could ...
English FA Cracks Down on Gambling    
The English FA has instituted new rules that ban players and coaches from betting on any ...
Luis Suarez's Suspension Appeal Set for Next Week    
Luis Suarez's appeal to the Court of Arbitration for Sport (Cas) against a four-month ban for ...
Mexico Goalkeeper Moves to Malaga    
Mexico goalkeeper Guillermo Ochoa, coming off an excellent World Cup performance, has moved to Spain's Malaga ...
Germany Wins Another Championship    
Within three weeks of winning the World Cup, Germany won another title, indicating that its youth ...
New York City FC to Groom Players for Man City?    
Manchester City's chief executive Ferran Soriano says that the Premier League champion may use its MLS ...
World Cup Boosts German Beer Sales    
The World Cup is credited for boosting German beer sales by 4.4 percent in the year's ...
Glazers Selling selling 8 million Man United    
The Glazer family will make around $150 million by selling 8 million shares of its stake ...
Former Palestine Midfielder Killed in Bombing    
Former Palestinian national team player Ahed Zaqout has been killed by an Israeli bomb that hit ...
Neymar Aims to Be Fit for Barcelona Opener    
Brazilian star, Neymar, who fractured a bone in his back following a challenge from Colombia's Juan ...
>> Section 2 Around the Net Archives