As the 2012/13 football season kicks off, many fans, journalists, and social commentators will be heard saying that: a) the gap in financial resources between large and small clubs is greater than ever, b) star players at big clubs such as Barcelona, Chelsea, Real Madrid, Manchester City and Manchester United earn exorbitant salaries, and c) the finances of several clubs are out of control, as clubs that are hungry for success generate large financial losses as their spending levels on transfer fees and player salaries are driven up.Can't get away from those 1%ers! What to do? What to do?
This perceived lack of financial discipline has led to UEFA’s [Union of European Football Assns.] new Financial Fair Play initiative. As a condition of entry into UEFA's Champions League and Europa League tournaments, clubs that are eligible for these competitions have to demonstrate to UEFA that their finances are in good order.Which probably doesn't bode well for the quality of the teams' players;
One gets what one pays for, even in Europe.