Football’s European governing body UEFA has begun preliminary discussions with Europe's top football clubs on curbing the amount of money that can be spent on player transfers or wages.
According to Reuters, A senior UEFA official confirmed that it “was looking seriously at a proposal” from the European Club Association (ECA), which represents the continent's leading clubs, suggesting clubs should only be allowed to spend around half of their revenue on transfers or salaries.
Under the ECA proposal, revenue would be determined as money received only from ticket sales, sponsorship, merchandise and television income and would not include any financial investment by owners or shareholders.
“Talks are at a preliminary stage, but there is a view that clubs can not sustain this situation in the long-term,” said an ECA source. “The issue is due to be discussed at a meeting of the ECA's general assembly next month.”
The world football body FIFA, UEFA and the European Union have also expressed concern over the influx of money from billionaire club owners from outside Europe, particularly in England.
Any deal with UEFA would only affect clubs involved in European competitions, such as the Champions League and UEFA Cup.
