11 Feb 2009European clubs reject salary cap proposals

Football Finance News | Football Leagues/ Association and Governance

Senior representatives at top European clubs have expressed their concerns over the possibility of introducing salary caps, it emerged yesterday (February 10th).

The first general assembly of the European Clubs Association (ECA) - which represents 137 major clubs across the continent - took place in Geneva on Tuesday.

While there was widespread agreement over clamping down on the rules governing the purchase of young players and the concept of increasing financial equality, the response to the possibility of a maximum salary was less positive.

Liverpool chief executive Rick Parry was quoted by Reuters as saying: "I think everyone would agree the level of increasing salaries is a concern but we were also saying that five, ten or 20 years ago. Is there one simple measure to solve it? Clearly not.

"Of course we want to see financial responsibility but the feeling is salary caps are too blunt an instrument."

ECA chairman Karl-Heinz Rummenigge did reveal that the clubs would be willing to cooperate with Fifa and Uefa on other cost-controlling measures, the AFP reports.

Uefa president Michel Platini claimed last month that he wanted to see "a little more justice in the accounts" of major teams, according to the news provider.

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