Join Now  | 
Home About Contact Us Privacy & Security Advertise
Soccer America Daily Soccer World Daily Special Edition Around The Net Soccer Business Insider College Soccer Reporter Youth Soccer Reporter Soccer on TV Soccer America Classifieds Game Report
Paul Gardner: SoccerTalk Soccer America Confidential Youth Soccer Insider World Cup Watch
RSS Feeds Archives Manage Subscriptions Subscribe
Order Current Issue Subscribe Manage My Subscription Renew My Subscription Gift Subscription
My Account Join Now
Tournament Calendar Camps & Academies Soccer Glossary Classifieds
Europe on verge of soccer meltdown?
by Paul Kennedy, February 19th, 2009 7:01AM
Subscribe to Soccer America Daily

MOST READ

MOST COMMENTED

[EUROPE]
UEFA president Michel Platini issued a dire warning that European soccer was on the verge of a financial meltdown if measures to curb spending on salaries and transfers aren't implemented. Speaking to the European Parliament, the former French star said the sport could "financially implode" if members of the European Club Association, which represents 137 leading teams, don't come around. He pointed out that American sports leagues were better positioned to handle the worldwide financial crisis and European clubs needed to learn from their example.

Platini's comments came after efforts to impose a salary cap was rejected by the European Club Association.

"European clubs are currently telling us that our system is in danger of financially imploding in the medium term," Platini said. "We are currently looking at the idea of limiting, to a certain degree, a club's expenditure on staff -- salary and transfer fees combined -- to an as yet undecided percentage of its direct and indirect sporting revenue."

Platini has proposed that clubs "would not be allowed to spend any more than 50 to 60 per cent of revenues" on wages and buying players -- revenues meaning money received only from ticket sales, sponsorship, merchandise and television income, not from the financial investment by owners or major shareholders.

"For the past 15 or 20 years, we have grown tired of hearing that there is no need to regulate, that the market regulates itself perfectly, that excesses and imbalances will disappear of their own accord," Platini said. "We now know that none of this is true. In football, as in the economy in general, the market is incapable of correcting its own excesses, and it was not the UEFA president who said so, it was Barack Obama."

Platini spoke of the American model where "sports competitions are only attractive if they are well balanced and if no one team possesses the ultimate weapon. The American sports system can certainly give us food for thought. It is completely different from the European model of sport in a number of fundamental ways. There are nevertheless some lessons that we can learn.

Platini's rules would only immediately affect clubs participating in UEFA competitions such as the lucrative Champions League and the UEFA Cup, but they would by definition cover Europe's biggest clubs.



No comments yet.

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




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Soccer America Daily
Video Pick: Wood strikes in Bundesliga debut    
It took 23-year-old American Bobby Wood, who scored 17 second division goals for Union Berlin last ...
U.S. Abroad: Johansson returns in crushing Bremen defeat    
Aron Johannsson returned to action in the Bundesliga for the first time in 11 months, starting ...
USA names roster for U-17 Women's World Cup    
Coach B.J. Snow has named the USA's 21-player roster for the 2016 U-17 Women's World Cup ...
MLS Countdown: Vanney gives TFC reminder    
Toronto FC waited through many seasons and head coaches before finally reaching the playoffs last year. ...
Bundesliga 2016-17: Half the teams have a U.S. player    
From age 17 to 28, from newly promoted RB Leipzig to four-time defending champion Bayern Munich, ...
WCQ Callups: USA battles injuries and suspensions    
The roster for the U.S. national team's World Cup 2018 qualifiers against St. Vincent & the ...
NWSL: Olympians back in fold, mostly    
Off for 26 days because of the Olympics -- except for one make-up game -- the ...
What They're Saying: Laura Harvey    
"It's about someone’s livelihood. It’s about their career. Irrelevant of what the decision is and who ...
What They're Saying: Alex Morgan    
"The players don't control any of the consequences that happen, that are enforced by U.S. Soccer. ...
TV Report: MLS and NFL to air joint lineup    
On Sept. 18, Fox Sports will air two live MLS matches -- Sporting Kansas City-LA Galaxy ...
>> Soccer America Daily Archives