Celtic and Rangers have been made aware of UEFA’s intention to impose a salary ceiling on teams participating in European championships.
This season, the Hoops competed in the Champions League but placed last in their group, and the Rangers were just eliminated by Benfica from the Europa League during the round of 16. With a new Swiss model set to upend competitions, both will be aiming high on the continent come next season.
Meanwhile, the Times reports that UEFA is eager to introduce further financial regulations into the mix. It is said that the organization was obliged to put off plans for a salary cap for clubs participating in continental activity for the time being after losing legal battles to restrict the income that agents might receive.
The agents claimed the proposed caps violated competition law, and they were successful in their case against both the English FA and FIFA in Europe. Despite the loss, it is said “UEFA has not completely ditched the idea of a cash limit that clubs could spend on wages, transfers and agents fees, sources say the court cases have caused European football’s governing body to put fixed salary caps on the back-burner.”
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There are rumors that the football authorities were aiming to present a proposal that would appease the European Union “with the idea being it would run alongside the new squad-cost rule, under which clubs in UEFA competitions are only allowed to spend 80 per cent of revenues on wages and transfers in 2024, dropping to 70 per cent in 2025.” The idea of a pay cap has also been rejected by the players union.
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