European study urges tax on top transfer deals
A European Commission-backed study suggests levying taxes on
football’s most expensive transfer deals to spread money among less
The report suggests football lost competitive balance as the
transfer market grew into a ?3 billion ($4 billion) business across
27 European Union countries in the 2010-11 season.
Brussels-based consultant KEA suggests a growing link ”between
transfer expenditure and sports results” since 2001.
The Champions League ”contributes to consolidating the existing
supremacies” as non-participating teams share solidarity payments
worth just six percent of revenues shared by the 32 group-stage
teams, the report says.
The study also suggests European laws could regulate the
third-party ownership of players’ transfer rights by investors.
It proposes improving financial transparency by extending FIFA’s
monitoring system of international transfers to cover domestic