26 Jan 2009Uefa and ECA 'in talks' over transfer and salary curbs

Football Finance News | Football Leagues/ Association and Governance

Talks between Europe's top clubs and Uefa in relation to capping the amount of money being spent on transfers and salaries have commenced, according to reports on Thursday (January 22nd).

The European Club Association (ECA) is pushing for European football's governing body to introduce a new system whereby clubs can only spend 51 per cent of their revenue on transfers and wages.

The move was arguably brought about in light of Manchester City's recent attempts to sign Milan's Brazilian star Kaka for a fee believed to be around £100 million, following their takeover by the mega-rich Abu Dhabi United Group.

With one senior Uefa official confirming that the body is "looking seriously at the proposal" - according to Reuters - the ECA has expressed its hope that the situation is resolved soon.

One source said: "Talks are at a preliminary stage, but there is a view that clubs cannot sustain this situation in the long term.

"The issue is due to be discussed at a meeting of the ECA's general assembly next month."

City's new owners already broke the British transfer record when they snapped up Robinho from Real Madrid in September for a fee of £32.5 million.

© Copyright