Football

Does football need a salary cap?

Money plays a huge role in football (©GettyImages)
Money plays a huge role in football (©GettyImages).

The birth of the professional era of football was an inevitability that duly rewarded the hard work and sacrifice made by footballers to make a living from playing the game they love.

Inflation invariably raises prices over time and wages are adjusted accordingly; however, the influx of rich owners who have bought out teams with the intention of dominating the transfer market by flexing their financial muscle to construct world-class football teams has caused hyperinflation.

Teams such as Real Madrid paid enormous transfer fees and wages prior to the emergence of these so called 'sugardaddy' clubs; however, teams such as Chelsea, Manchester City, PSG and AS Monaco have taken it to consistently ridiculous levels of spending. 

It is hard enough for teams who are bullied out by the sheer financial strength of these teams, but it is made even worse by the long-term market impacts that are characterised by inflation which increases the cost of players and wages and reduces the purchasing value of money in general.

When once upon a time players could only dream about six-figure wages, it is standard today for many of the top clubs to have a big portion of the squad on six-figure wages that are knocking on the door and exceeding in some cases of €200,000 a week.

In the real world that sort of money would please most as a yearly salary let alone a weekly basis. 

Some smaller 'feeder' clubs may enjoy the sky-high prices that are being offered nowadays as those teams continue to develop and produce the most promising youth prospects to be circled by the biggest clubs in the world and sold to the highest bidder.

The injection of millions can do wonders for clubs in terms of infrastructure development and a host of other fundamental establishments. However, the sheer inequality that exists today in football's finances, it is difficult to say that the game is in good shape off the field.

Clubs will continue to struggle in their pursuit of talent as they simply cannot compete with clubs who are capable of splashing such huge sums of money. The introduction of a salary cap that is even all across Europe, would go a long way in evening out the transfer market and preventing the biggest names from being in the reach of just a handful of clubs who are prepared to pay the big bucks.

Footballing administrators all across Europe in tandem with UEFA should be working on curbing the massive hike in prices for transfers and wages in addition to the Financial Fair Play (FFP) implementation to save football from spiralling into oblivion.  


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Topics:
UEFA Champions League
Football

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