Fifa president Sepp Blatter has called for stricter rules on foreign ownership of clubs in Europe.
“Something has to be done about these billionaire owners,” Blatter told reporters at the European Parliament.
“These days you can buy a club as easily as you buy a football jersey. There is something wrong and that’s why I ask the European Union to act.
“This is not just about England where the problem is acute. This will spread across Europe.”
Blatter met EU lawmakers on Monday to discuss overseas investment in football, among other issues.
“Some of these owners prefer horse racing, others like to buy a Formula One team, now buying a football club is the big attraction,” he said.
Blatter believed that businesses interested in buying clubs should have an existing link to the region.
“There are national laws in Switzerland, for example, when you buy property or make an investment, you must prove yourself,” he explained. “You have to prove your link with the area.
“We must ask ourselves about what motivates these owners and are they really interested in the game or just making money?
“There must be better control of football’s finances especially in the difficult climate we are facing. I urge Uefa to work with the EU to tighten up the rules, otherwise there will be big financial difficulties in the future.”