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
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 ...
Mourinho: Lukaku Lacked Motivation    
Chelsea coach Jose Mourinho, after his club sold 21-year-old Belgian striker Romelu Lukaku to Everton for ...
Former Zambia Boss Takes Ivory Coast's Helm    
Frenchman Herve Renard has been appointed coach of Ivory Coast, replacing Sabri Lamouchi, who left after ...
Steven Gerrard: 'Every Person Slips'    
Steven Gerrard says the slip that arguably ended Liverpool's title hopes and England being knocked out ...
La Liga Champ Eying Chicharito    
Mexican striker Javier Hernandez, who started just six Premier League games for Manchester United last season ...
No Charges for Moyes Over Bar Incident    
Former Manchester United coach David Moyes is in the clear after he was investigated over an ...
West Ham Acquires Ecuador World Cup Striker    
West Ham has finalized a $20 million transfer of Ecuador striker Enner Valencia from Mexican club ...
>> Section 2 Around the Net Archives