FIFA Open To Salary Cap And Transfer Fee Limit Proposals
FIFA president Gianni Infantino on Saturday called for discussions over proposals to introduce salary and transfer fee caps to football in the wake of the coronavirus pandemic.
Last month, the German FA and Bayern Munich chairman Karl-Heinz Rummenigge urged industry talks about a salary cap and reforming the transfer system to keep football “credible”. “I personally advocate for clearer and stricter financial regulations, imposing full transparency and good governance principles, and not only limiting this to the transfer system, but to the entire football ecosystem.
Last season’s Champions League finalists Tottenham have received a £175 million loan from the Bank of England to help them through the crisis as the club predicted losses of £200 million over the next year.
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