UEFA works on establishing players salary cap

UEFA president Aleksander Ceferin announced that the European football governing body works on a plan to introduce a salary cap in Europe.

“Surprisingly, everyone agrees. Big and small clubs, government teams, clubs owned by billionaires, they all agree. Going forward, we need to seriously consider the salary cap. If budgets run wild, competitive balance will become an issue. It’s not about the owners, it’s about the value of the competition, because if five clubs always win, then there’s no point anymore.”

“It has to be a collective agreement – every league and UEFA. Because if we do it and other leagues don’t, then there’s no point. I hope this can be done as soon as possible,” said Ceferin, quoted by the Air Force.

🗣 “In the future we have to seriously think about a salary cap.”

During Rog’s podcast interview with Aleksander Čeferin, the UEFA President talked about instituting a salary cap “as soon as possible” as a means of maintaining greater competitive balance throughout the game. 🎙 pic.twitter.com/IF2wQ2l0tU

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The UEFA president noted that from 2024 there will be a rule according to which it will be possible to spend up to 70 percent of income on wages and transfers.

“We have now arrived at a new rule that will come into force after 2024. It will be possible to spend up to 70 percent of income on wages and transfer payments. But this measure is not enough, because 70 percent of the income of five billion is quite a lot,” Ceferin added.