UEFA General Secretary David Taylor
has come out to denounce the lavish spending of European clubs such as Manchester City and Real Madrid for fear that they're risking
"serious difficulties" if they continue to over-extend themselves by paying huge sums in the transfer market. "I would say in this financial climate, it is surprising, a little bit
destabilizing of the market," said Taylor. "It is certainly raising the ante in terms of the player costs, in terms of the general market place, which is not a thing that gives us a great
deal of comfort in these difficult times. There is certainly disquiet in the corridors of power here."
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