India | UK | US

German league chief calls on UEFA to act on debts, transfers

Posted : Thu, 09 Jul 2009 13:56:45 GMT
By : DPA
Category : Sports
News Alerts by Email ( click here )
Sports News | Home
Berlin - German Football League (DFL) president Reinhard Rauball has called on European football body UEFA to act on huge club debts and spiralling transfer fees. "It is high time we say to UEFA it cannot carry on like this," he told a discussion in Berlin.

Rauball called for a European-wide club licensing system based on the German model. A UEFA working group is studying the German system which looks at a clubs' ability to pay debts, transfer payments and wage levels.

"The office of (UEFA president) Michel Platini will be measured on whether he manages to control this problem," Rauball told the discussion Wednesday evening organized by the Frankfurter Allgemeine Zeitung daily.

Rauball said the debts of Germany's first and second division clubs were under the debt of 600 million euros (838 million dollars) at Spanish club Valencia. According to the DFL president, three English clubs each had debts of more than one billion euros.

Transfer sums such as the record 94 million euros paid by Real Madrid for Cristiano Ronaldo and 65 million euros for Kaka were "immoral," he said.

German football authorities have been critical of the takeover of clubs by wealthy investors and have urged domestic football to retain a regulation preventing majority holdings by potential investors.

German football federation (DFB) president Theo Zwanziger earlier this year also criticized "commercial excesses" in the game and the high wages paid to players.

Copyright DPA

Share/Save/Bookmark

Article : German league chief calls on UEFA to act on debts, transfers
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader


Related News

Spanish media full of praise for injury-hit Barcelona
Madrid - The Spanish media was full of praise on Wednesday for Barcelona, after the previous day's impressive 2-0 home win over Inter Milan in the Champions League. The headline in Catalan daily Mundo Deportivo was Grandioso! and rival daily Sport ...

Fair play wanted in Italian Serie A - Feature
Rome - Those who struggle to convey the idea that sport is a great way to educate the young keep having a hard time in Italy. Sentences from a sports judge relating to the weekend games included a 20,000 euros fine handed down on Juventus, whose fans...

End of a Bayern Munich era as Uli Hoeness moves on - Feature
Hamburg - The fact that it will take two people to fill his role says all about Uli Hoeness' rule over three decades as general manager of Germany's number one football club Bayern Mu...

Second best not good enough for Italy's immigrant cricketers - Feature
Rome - Charith Rajamanthri is a rarity in Italy's under-15 age group cricket team. He is one of just three Italian nationals in the 13-member squad, which also includes Britons, Bangladeshis, Indi...

SIDEBAR: Roddick reports knee injury recovery ahead of schedule
London - Andy Roddick said Tuesday that the knee injury which kept him from taking his place in this week's ATP World Tour Finals will be ready for an on-court test next week. The injury, it's coming along well, last summer's Wimbledon finalist aga...

Stalemate in Kazan leaves Group wide open
Kazan, Russia - A goalless draw between Rubin Kazan and Dynamo Kiev on Tuesday left Group F of the Champions League wide open. Kazan join Inter Milan at the top of the table with six points from their five games, but the Serie A club has played one g...

RESULT: European Champions League result
Group F: Rubin Kazan 0  Dynamo Kiev 0 Barcelona   - Inter Milan...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More Sports News click here
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.