UEFA is planning to introduce a luxury tax that will help curtail the spending of top clubs, especially when they are not making money.
The Times claims that the governing body hopes to present a plan to ensure the salaries of the top European clubs don’t exceed 70% of their revenue.
Uefa had relaxed the Financial Fair Play because of the coronavirus pandemic and it has helped the likes of PSG to sign top players as well as to increase the salary of the likes of Neymar.
Arsenal has hardly made big money in the last few seasons as they haven’t played Champions League football since 2018.
They have also suffered from a loss of revenue because of the absence of their fans from the stadiums since the start of last year.
Yet they have splashed the cash on several top players like Thomas Partey and Ben White.
They have also extended the contract of Pierre-Emerick Aubameyang, who is now one of the top earners in England.
The report claims if a club spends more than their revenue, they would pay a fine as a luxury tax.
They would then distribute this tax among the other clubs under the body.
What’s the point? IF you can spend frivolous money on players without adequate revenue, you can also pay ridiculous fines.
PL player salaries should be capped at 25k per player per week.
Endorsement monies should all go to charities.
and that will help widen the divide between those with rich benefactors and the rest
If anyone is gullible enough to believe Uefa won’t be lining their own pockets with a portion of that cash then you are easily fooled.
Imagine that the same thing that was meant to help us compete with other big clubs might end up doing the opposite..??
OT:Subs is unavailable for tonight’s game he is apparently unwell.
Auba
Auba is becoming a money scam to the club
siamois Arsenal extended Auba contract now they are willing to sell him if they get a suitable offer