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Gianni Infantino floats salary and spending caps as part of Covid-19 recovery plans

Getty ImagesGianni Infantino, president of soccer’s global governing body Fifa, has called for salary and transfer fee caps to be discussed at all levels of the game amid the financial fallout due to the coronavirus pandemic. With some sports returning to play following an three-month hiatus during the Covid-19 health crisis, the pandemic and its commercial impact has led to calls for financial reform. Infantino’s appeal comes ahead of Fifa’s next council meeting later this month, during which the governing body hopes to finalise plans for a relief package for its member federations. ‘On the financial and governance aspects, I also heard some interesting proposals on a wide range of topics,’ Infantino wrote in an open letter to Fifa’s members. ‘From salary caps to transfer fee caps or other taxation mechanisms, to the possible obligation for governing bodies, competition organisers and clubs to build reserves or to contribute to a reserve fund which can be of assistance in hours of need such as now. ‘I personally advocate for clearer and stricter financial regulations, imposing full transparency and good governance principles, and not only limiting this to the transfer system, but to the entire football ecosystem.

Read more at:
https://www.sportspromedia.com/news/gianni-infantino-fifa-salary-cap-transfer-fee-coronavirus-relief-funding

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