Sunday, October 01, 2006

Europe and UEFA reject salary caps on footballers

The European Union and football authorities have no plans to introduce salary caps on players. "Salary caps just simply wouldn’t work and was never our intention,” Lars-Christer Olsson, CEO of UEFA, told Reuters. According to Olsson, a new draft of the EU-sponsored European Sports Review will be released before the end of the year with a refined recommendation to limit the overall amount a club can spend on salaries.

“We don’t want to say that a player can’t be paid X amount of money,” Olsson said. “But what we do say is that there needs to be a limit on a club’s wage bill in the context of the overall revenue; cost controls so that they don’t go into debt.” UEFA hopes to have the European Sports Review adopted by EU governments in December. It covers all aspects of football, such as doping, players’ agents and commercial rights.

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