UK Sports Minister Richard Caborn has revealed that European clubs could face limits on how much they spend on players’ wages and transfers.
Uefa and European sports ministers have been in discussions aimed at limiting how much clubs can spend on players’ wages and transfers.
“There is support for the idea of introducing a better relationship between income earned by clubs and the amounts spent,” Caborn told The Evening Standard.
The proposals would mean clubs would not be allowed to spend more than they earn on transfer fees and players’ wages.
If the new rules were introduced then the club hardest hit would be Chelsea who have reported losses of £228m and spent £276m on transfers alone.