BusinessCompany NewsRich football clubs could face star player tax

Rich football clubs could face star player tax

Richest clubs could face a tax on player spending above a certain limit

Rich football clubs could be forced to pay a luxury tax on their star
players, according to a UEFA proposal.

The structure could follow the lead of US sports, where spending on players
above a certain limit would be taxed then redistributed to less wealthy clubs.

UEFA spokesman William Gaillard said that alternative plans around cost
restraint were difficult to implement, and tax or squad limits were ‘more
promising ideas’, reported the FT.

Further reading:

Arsenal forced to renegotiate £135m
loan deal

Man City appoints new finance
chief

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