UEFA chief Michel Platini has expressed dismay as Real Madrid’s world record bid for Cristiano Ronaldo came on the back of their signing of Kaka.
“These excessive transfers are happening almost every day,” said the Frenchman, who has vowed to create a level economic playing field.
“These transfers are a serious challenge to the idea of fairplay and the concept of financial balance in our competitions.
Platini, who won the European Player of the Year award in 1983, 1984 and 1985, explained that UEFA was planning action to put an end to football’s excesses.
“UEFA is working hard with clubs to set up a new set of rules as soon as is possible to clean up the system and give it a more solid, more transparent base,” Platini told AFP.
“That is our top priority today.”
Platini’s comments come after Real Madrid bid had an offer of £80 million for Cristiano Ronaldo accepted by Manchester United.