Money game is spiralling out of control Authorities have to stop rising fees and wages

Writer: WARAT THAVISIN

Published: 16/08/2009 at 12:00 AM

Newspaper section: Sports

Given the economic downturn, one might have been in shock to witness such a costly transfer market.

BIG BUCKS: Real Madrid bought Kaka from AC Milan for 56 million pounds.

With two transfer records and the rise of transfer fees, we have seen one of the most hectic transfer windows of all time.

In 1893, Aston Villa were criticised for damaging the game's spirit for buying Willie Groves from West Bromwich Albion for 100 - a world record fee that stood for 11 years.

With that sum, you can't even buy a pair of top-end boots these days. Kaka became the most expensive player when Real Madrid bought him from AC Milan for 56 million.

The record was soon broken when Cristiano Ronaldo moved to Real Madrid for an outrageous fee of 80 million.

These days 10 million seems to be able to buy only a decent player, and the effect of the rising transfer fees is wide ranging.

Firstly, there is the question about the clubs' financial status and stability.

Big English clubs such as Manchester United and Liverpool are operating in debt. Being forced to spend more money on players during the current economic crisis could have a damaging effect.

Value of many clubs have fallen significantly. The financial situation of English clubs could become worse if they still spend absurd sums on players as Uefa general-secretary David Taylor said: "It is raising the ante in terms of players cost, in terms of the general market place, which is not a thing that gives us a great deal of comfort in these difficult times."

TOP RANK: Cristiano Ronaldo is the world’s most expensive player at 80 million pounds.

Secondly, clubs with more money will undoubtedly become more and more influential. The obvious example is Manchester City who have spent some 100 million for new players in their attempt to challenge the Big Four.

With unlimited funds from their owners from the Middle East, City manager Mark Hughes may be the most envious coach although many fear that he could soon be sacked if his expensive side fail to deliver.

In the near future, a championship may be determined by money rather than ability.

The rise of the transfer fees has come with the increase in players' wages. Nowadays, many good - but not great - players enjoy a weekly wage in the region of 100,000 a week.

Over the years, we have seen a shift in the players' motivation from competing at the highest level to getting the highest wage.

No matter what players like Gareth Barry and Robinho told you, money was undoubtedly a major factor in their decision to join Man City.

Before his move from Aston Villa, Barry, who was once chased by Liverpool, said he wanted to play Champions League football but City did not qualify for the competition.

Is there a way to stop the money trend?

Salary cap or a limit to transfer fee could be an option for European football governing body Uefa. But this would affect or put an end to the "free market".

Clubs may be allowed to pay more than the limit of transfer fee but a percentage of the additional fee - say 10% - must be used to develop home-grown players.

For example, if the limit of transfer fee for a player is 25 million and a club pay 30 million, the club must give 500,000 (10% of the extra 5 million) to their academy.

This way, they may save millions of pounds in the future and get a new star from their own acdemy.

But it is not likely that big clubs would accept any measure that would curb their financial power because they are used to "buying" success.

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