UEFA call on European leaders to help regulate transfer market

UEFA president Aleksander Ceferin has called
for greater support from Europe’s political
leaders to help introduce measures to regulate
the transfer market on the continent.

“I have heard some very prominent politicians ,
such as the German Chancellor Angela Merkel
just a few days ago, condemning financial
developments in football and calling for
greater sporting balance, ” Ceferin said in a
speech to open the UEFA Congress in Geneva
on Wednesday .

“To all the European politicians , let me say that
we cannot agree more, but I cannot say that
you have done much to help us set things
straight so far .

“We are open to any and all reforms that
would serve the good of the game. We are
imaginative and we are committed, and we are
just waiting for the green light from those
who… have yet to enable us to put it right .”

Hoping to be elected for a fourth term in
legislative elections this weekend, Merkel
recently criticised French giants Paris Saint –
Germain’ s spending in the summer transfer
window as they committed the two biggest fees
in history to sign Neymar from Barcelona for
222 million euros ($ 264 m) and Kylian Mbappe
from Monaco for 180 million euros.

“Such sums are comprehensible to no one.
UEFA and FIFA should readjust the rules on
player transfers to ensure greater balance.
Otherwise, the transfer fees threaten to rise
further,” Merkel said.

UEFA earlier this month said they had opened
an investigation into whether PSG had broken
their rules on Financial Fair Play which are
designed to stop clubs spending more than they

Europe’s top clubs spent record sums in the
transfer window that closed at the end of
August , with English Premier League sides —
fuelled by enormous income from television
rights deals — splashing out £ 1. 4 billion ($ 1 .8
billion) in total .

Stating his confidence that the situation will
soon change , Ceferin added: “If European and
national legislation were to allow it , we could
envisage with more guarantees, and greater
certitude, a whole arsenal of concrete measures
to make the game fairer and better regulated,
and improve its ethics and solidarity. ”

Among the measures Ceferin floated to stop
the chasm between the continent’ s richest
clubs and the rest from further widening are
salary caps , luxury taxes, squad limits and
limits on player loans. 

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