G14 to tackle wage demands - Eternal Allegiance

ForeverInLoveWithJus · 11-05-2002, 01:33 AM

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

André_ea · 11-05-2002, 04:44 AM

That is a good idea. I havent heard about that G14 thing before but it is realyl useful I would say. The spiral of costs is horrible and we have to find a way to change something. Otherwise it just has to end up in a disaster

ForeverInLoveWithJus · 11-05-2002, 04:48 AM

Something needs to be done

André_ea · 11-05-2002, 05:13 AM

Will be interesting if they can think about anything they can change. If they realyl want a good solution it would have to be something all countries in Europe accept and do

ForeverInLoveWithJus · 11-05-2002, 05:16 AM

Thats true but the amt the players earn is way too much!

André_ea · 11-05-2002, 05:27 AM

True, they all def earn too much. Sometimes it seems as if football isnt about the sport itself anymore, it's just about money and business

ForeverInLoveWithJus · 11-05-2002, 05:32 AM

it would be hard to change that

André_ea · 11-05-2002, 05:45 AM

yes, the only possibility to change that is that absolutely all countries and teams say that they shorten the payment of all palyers, coaches and just everybody to a certainpercentage. Nobody could complain and there would be no transfers to countries with teams which still pay more.
I doubt that will ever happen tho so they will have to find another way i guess

ForeverInLoveWithJus · 11-05-2002, 06:20 AM

That will never happen.. Some players refused to take pay cuts in England

André_ea · 11-05-2002, 06:30 AM

That's what I mean, as long as it effects just some players it will never happen...the only possibility is that u make it happen in all countries at the same time