End this money madness! Chelsea chairman Bruce Buck
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End this money madness! Chelsea chairman Bruce Buck calls for salary cap
Cut the cash: Buck would support a salary cap... but has warned the league could lose their top players
Chelsea chairman Bruce Buck has pledged his club's support to calls for a salary cap in football.
Though owner Roman Abramovich's arrival at Stamford Bridge in 2003 heralded an unprecedented wave of spending on transfer fees and wages, the Russian has made efforts in recent years to balance the books and significantly reduce his club's spending.
UEFA are to introduce the key point of their Financial Fair Play regulations from the 2013-14 season, which will see clubs required to achieve break-even status or be excluded from European competition.
Abramovich is a supporter of those regulations and the Blues would also back a limit on wages.
However, Buck voiced fears over players moving to countries outside of the cap and stressed that any such rules must leave a level playing field across the continent, if not the world.
'We would seriously consider a wage cap. It has to be properly implemented,' the American told the Sunday Times.
'I'm not even sure that Europe-wide is enough. Look what happened with cricket and the IPL (Indian Premier League): the best players are going to go where they can make the most money.
'We have many of the best players in England and we do not want to see them go elsewhere.'
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the club started this shit and now he calls for an end to it. haha how ironical.
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thats why uefa should step up and do something. clubs should sit down and and agree on something. they should set a cap on wages and transfer fees. 80 million for a player? crazy!!!
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pay no more than $100,000 a week. If they not happy, go play baseball or basktetball.
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I think the transfer fee can remain but salary should have a cap on it...
This way, players are only paid a certain sum max no matter where they play but the clubs can choose to sell or offer whatever amount they feel will be a worthwhile deal to them...
So, If some club is offering a huge sum in transfer fee and the max in wages, say $200k (maximum cap)... The player's club can either choose to match the same amount whereby the player won't feel there is any monetary reason to leave as the other club is forbidden from offering even more wages, or simply sell him for the huge fee for the benefit of the club where the player is not entitle to any gains...
I feel this way, the strength is on the selling club whether they wish to make a handsome profit or choose to hold on to the player it's up to them... Nevertheless, they must at least match the wages to keep the player otherwise, it wouldn't be fair to the player as well and depriving him of making a better earning elsewhere...
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some of these players in man city are earning $200k a week. They may not even be worth half that value.