City chairman wants salary cap

Manchester City chairman Khaldoon Al Mubarak wants a salary cap in European football and says the current rate of spending cannot be sustained.

With a wage payout in excess of £100million a year, he says finance in football has spiralled out of control.

It is not only in the Premier League that clubs have adopted an excessive spending policy, but in La Liga and Serie A as well.

Reflecting on a more controlled outlook in America, where teams have a limit as to the amount of money they can spend on players, the City chairman says such control in Europe would make football throughout the continent a much more level playing field.

"I am a fan of the American model," he told the News of the World.

"The European model cannot be sustained without new parameters, commercial parameters that allow competition, that allow revenue distribution, and that will allow talent to continue to prosper."