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



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



Recent Soccer America Daily
By the Numbers: MLS playoff teams since All-Star Game    
The MLS All-Star break isn't a "break" in the sense that the MLB All-Star Game is ...
MLS: All the Decision Day talking points    
FC Dallas is two-thirds the way toward the first treble in MLS history ... Seattle made ...
USL Final: Allen hat trick powers NYRBII to big win    
Former Georgetown star Brandon Allen scored three goals and added an assist as New York Red ...
Video Pick: Klopp cracks up at mixup    
Liverpool's German coach Jurgen Klopp amused himself after misunderstanding a postgame question following his team's 2-1 ...
What They're Saying: Jose Mourinho    
"This gesture, at 1-0, OK. Not at 4-0. It is a humiliation." -- Jose Mourinho, caught ...
USWNT: Ohai does one (second) better than Williams    
The USA overcame an early deficit to hammer Switzerland, 5-1, before 23,400 fans at Minneapolis' U.S. ...
Crowd Count: MLS breaks attendance marks    
MLS broke its record for average attendance for the third year in a row, finishing with ...
MLS: Decision Day Results & Final Standings    
FC Dallas won the MLS Supporters' Shield when it tied the LA Galaxy, 0-0. Philadelphia clinched ...
What They're Saying: Georgia teen Reuben Nsemoh    
"My friends would always talk to me in Spanish and would teach me. I wasn't perfect, ...
U.S. Abroad: Pulisic rescues Borussia Dortmund    
Christian Pulisic came off the bench to set up one goal and score the tying goal ...
>> Soccer America Daily Archives