Rangers and Celtic have been informed that UEFA is willing to impose a salary ceiling on clubs competing in European championships.
The Hoops competed in the Champions League this season but finished last in their group, while Rangers were recently eliminated from the Europa League at the final 16 stage by Benfica. Both will want to go far on the continent next season, with a new Swiss model set to shake up the race.
According to the Times, UEFA is looking to implement new financial metrics in the game. According to reports, the organisation has been forced to put plans for a salary ceiling for clubs in continental competition on hold after losing court battles to limit agents’ commissions.
The agents won the case against FIFA in Europe and the English FA, claiming that the proposed caps violated competition law. Despite the loss, it is stated. “UEFA has not completely ditched the idea of a cash limit that clubs could spend on wages, transfers, and agent fees, sources say the court cases have caused European football’s governing body to put fixed salary caps on the back-burner.”
Rangers and Celtic outspend the rest of Scottish football. However, the tides shift in Europe, where they are frequently the side, notably in the Champions League, with the lower budgets of the two contending clubs.
The football authorities were working on a proposal that would satisfy the EU, and it’s claimed “with the idea being it would run alongside the new squad-cost rule, under which clubs in UEFA competitions are only allowed to spend 80 percent of revenues on wages and transfers in 2024, dropping to 70 percent in 2025.” The players’ union has likewise rejected the salary cap proposal.
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