UEFA is planning to revamp rules that could affect the participation of English clubs in European competition, according to an article by TimesOnline.
Europe’s governing body for football, along with the European Club Association, has tabled a proposal limiting club expenditure – in terms of players’ wages and transfers – if they wish to compete in the Champions League or the Europa League (presently the Uefa Cup).
Under the plan, “clubs could spend no more than a certain percentage — yet to be determined, but thought to be between 50 and 70 per cent — of turnover on wages and transfers,” according to the TimesOnline article.
For example, if Manchester United earns $100m a year and the limt is set at 50 per cent, then the Red Devils would only be able to spend $5m in transfers if their annual wage bill comes up to $45m.
This could profoundly affect Premiership clubs, given that they routinely spend more than two-thirds of their turnover on wages and transfers.
THE POSTMAN LIM SAY HENG says: It’s about time someone does something about the state of football in England.
For years, players’ wages and transfer fees have been escalating to absurd levels, and the cost has been passed on to the fans, either through ticket prices, merchandise or television rights.
The move may lessen the attraction of the Premiership to foreign stars such as Robinho and Kaka, but it may just prove to be the move that will save English football. (more…)