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Posted in Wrestling Forums by Minyan at 06:47, Aug 02 2016

Michel Platini Mike Adams Jersey , the UEFA president, has already made quite an impression since his appointment. He has already reached an agreement over disputed matters, which resulted in the G14 group disbanding, so withdrawing the threat that it would form a breakaway European league.

A European Club Association (ECA) is being established in its place and the planned make-up means that a majority of its members will almost certainly be supportive of Platini's plans. The chairmain of the ECA, Karl-Heinz Rummenigge, has stated "Football is sick". The former Germany striker told Kicker magazine "I read a statistic which says 85% of all professional football clubs are running at a loss".

I have had a look at the main problems that seem to be affecting world football and how we could begin to solve them Matt Overton Jersey , including inflated transfer fees, sky-high player wages, clubs heavily in debt and proposed rules on player quotas.

Transfer fees
Is Cristiano Ronaldo or Kaka worth 80 million pounds? If a player wants to leave a club then the minimum that the player should leave for is the value of the remainder of his contract. For example, if Joe Cole is on 75,000 pounds a week, that equates to 3.6 million pounds a year. If he has 4 years remaining Le'Raven Clark Jersey , his minimum value is 14.4 million pounds yet if he has two years remaining he is worth just 7.2 million pounds. These are quite realistic values that are often paid for players of this calibre. But, this minimum valuation ensures that clubs are not held to ransom.

Yet, should there be a maximum limit? For example, maybe if twice the value of the remaining contract is offered then it has to be accepted. A realistic way of implementing this would be setting a release clause in every players contract, which would be reviewed yearly. So, if players sign an extension then their release value could rise Kendall Langford Jersey , whereas if they continue to work out their current contract then their release value would drop.

Release clause value = 2 x remaining contract value

So, relating to the previous example, if Joe Cole had a four year contract and Real Madrid offered 28.8 million pounds then the offer would have to be accepted. Whereas, if he only had two years remaining the release clause would be activated at 14.4 million pounds. Although at first glance it may seem that bigger clubs could take advantage of the smaller clubs. The smaller clubs would be able to re-invest any money from players sold into similar players as they won't be held to ransom, as players will always be available for between one and two times their remaining contract.

Spiraling wages
It would not be possible to 'fairly' implement these regulation without getting to grips with the financial issues in football, particularly rising wages. Deloitte Johnny Unitas Jersey , a top business advisory firm, recommends a 55 per cent wages to turnover ratio to ensure financial stability. Only three Premiership clubs currently meet that criteria; Arsenal, Manchester United and Tottenham. I believe Chelsea's ratio is around 70 per cent, 133 million pounds on wages, out of 190 million pounds turnover.

UEFA president Michel Platini has set his sights on reforming the finances of Europe's top clubs. He has warned that Europe's governing body is going to "fight very seriously" to restrict entry into the Champions League and Uefa Cup for clubs that are in debt. I believe it wouldn't be right not to allow clubs entry due to debt. I will look at this in more detail later. I think that clubs should be allowed to participate as long as they demonstrate sustainability. Platini should look at implementing the 55 percent turnover ratio.

This could be phased in to ensure clubs have time to reassess their spending. I.e Season 1, no criteria for wages to turnover ratio; Season 2 Jack Mewhort Jersey , maximum 65 per cent wages to turnover ratio; Season 3, 60 per cent wages to turnover ratio; Season 4, 55 per cent wages to turnover ratio. Any club that defies these regulations could be banned from playing in European competitions until they meet the criteria.

The regulations on transfer fees and wages would have to be introduced together and implemented throughout Europe by UEFA. To ensure global competitiveness, i think it would be vital that FIFA also adopted the regulations to ensure they were administered worldwide. As if European teams were restricted in terms of the wages they offer, etc, then a different league could take advantage. For example Jack Doyle Jersey , if the Premier League, Serie A, and all European leagues restrict the amounts players can earn, then maybe the MLS could offer 'mega-deals' to players in order to create a super-league in America.

Levels of Debt
Back to our current world super league, the English Permiership. There is no doubt that this is currently the world's top league, emphasised by the fact that two english teams competed in the final. UEFA president Michel Platini warned that "this success is often built on an unsustainable level of debt which Hugh Thornton Jersey , in all fairness, is distorting the level playing field in Europe".

That warning is pertinent to the two Premiership clubs that reached the Champions League Final in Moscow with their talented, highly paid squads, and staggering levels of debt. Manchester United and Chelsea have acquired almost equal shares of a combined 1.5 billion pounds owed to creditors in contrasting styles, illustrating the random nature of takeover. Chelsea's debt takes the form of an interest free loan from Roman Abramovich.

Whereas the Glazer family bought United in 2005 with huge borrowings, and loaded their own debts and swingeing interest payments on the club. United's most recent accounts showed the club Henry Anderson Jersey , who had no debts before the Glazers arrived, with borrowings now of 666 million pounds, including 152 million