 G14 to tackle wage demands | |
Europe's biggest football clubs meet in Brussels on Tuesday to discuss the spiralling costs that are threatening the financial future of the game.
Salary capping is expected to be among the proposals discussed by the G14 group, which includes giants such as Real Madrid, Manchester United and AC Milan.
The G14, which has now grown to 18 clubs, plans to introduce a code of conduct to combat ever-increasing wage demands and transfer fees.
"Since a large part of the expenditure is salary costs, obviously that will be involved in these measures," Thomas Kurth, general manager of G14, told BBC Five Live.
Manchester United - the club with the highest turnover in the world - revealed in September that their wage bill had grown by 40% to £70m in the last year.
And they are the only club in the English Premiership to spend less than 50% of their turnover on player wages.
Although the G14 group will use the meeting to recommend best practice proposals for clubs, it has no power to impose sanctions for those that do not comply.
Kurth added: "The clubs do not envisage cutting the wages of the players with whom they have contractual agreements.
"It is just about how to handle the amount of money which they generate as revenue."
The G14 clubs
England: Liverpool, Manchester United, Arsenal
Italy: AC Milan, Inter Milan, Juventus
Spain: Barcelona, Real Madrid, Valencia
France: Marseille, Paris St Germain, Lyon
Germany: Bayern Munich, Borussia Dortmund, Bayer Leverkusen
Holland: Ajax, PSV Eindhoven
Portugal: Porto |