FIFA need to stop rising transfer fees

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Not so long ago, anything more than a £20 million was considered a huge fee for a player.

The same definitely isn’t applicable today as sighted by Real Madrid’s chase for Gareth Bale and PSG’s yearly expenditure on fresh faces.

A game loved by fans all around the world for its tenacity, excitement, thrill, pace and sheer joy is setting the wrong example for the years to come. With a number of clubs being purchased by a rich, wealthy and powerful businessman, there’s more and more money to spend. 

Although new financial legislations have been introduced by UEFA, there is no set restrictions on the amount of money that can be spent by any club.

UEFA President Michel Platini said in an interview in 2009: “Fifty per cent of clubs are losing money and this is an increasing trend. We needed to stop this downward spiral. They have spent more than they have earned in the past and haven't paid their debts. We don't want to kill or hurt the clubs; on the contrary, we want to help them in the market.”

From the likes of Monaco, Paris Saint Germain and Manchester City to the already existing powerhouses in Real Madrid, Barcelona and Chelsea etc., it can be said that players are being highly over-valued. Not to mention the existence of a great squad at hand eliminates the need for new players every year. But such an example is clearly not the case.

PSG have recently acquired former Napoli striker Edinson Cavani for a reported £55.6 million, having spent almost €200 million in the past couple of years.

AS Monaco have acquired the services of Radamel Falcao, James Rodriguez and Joao Moutinho for a combined fee of £110 million. Manchester City have also spent over £1 billion since the arrival of Sheik Mansour in 2008.

The recent Gareth Bale saga claims that a deal worth £97 million has been agreed. Seems as if money grows on trees these days. 

Another upsetting factor has been using mind games and transfer tactics to unsettle players. As a result, players don’t wish to accompany their present team-mates on tours and the opening fixtures of the season in a means to move to the interested clubs. 

Clubs such as Manchester United, Juventus, Atletico Madrid, Bayern Munich etc. have proved that success is possible without flowing rivers of funds into players and their agents’ bank accounts.

We can only hope that in the near future, clubs can settle down with their existing squads and that the players see out their contracts before moving on.

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