AC Milan forward Mario Balotelli celebrates after scoring during the Serie A soccer match between AC Milan and Udinese at the San Siro stadium in Milan, Italy, Sunday, Feb. 3, 2013. (AP Photo/Antonio Calanni)
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AC Milan forward Mario Balotelli celebrates after scoring during the Serie A soccer match between AC Milan and Udinese at the San Siro stadium in Milan, Italy, Sunday, Feb. 3, 2013. (AP Photo/Antonio Calanni)
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FILE - In this Tuesday, Oct. 23, 2012 file photo Brazilian midfielder Willian of Shakhtar Donetsk in action during a group E Champions League soccer match against Chelsea FC at Donbas Arena stadium in Donetsk, Ukraine. On Feb. 1, FC Shakhtar and FC Anzhi reached an agreement regarding Willian’s move to the Russian club in a euros 35 million ($48 million). (AP Photo/Efrem Lukatsky, File)
European study urges tax on top transfer deals
BRUSSELS (AP) — A European Commission-backed study suggests levying taxes on football's most expensive transfer deals to spread money among less wealthy clubs.
The report suggests football lost competitive balance as the transfer market grew into a €3 billion ($4 billion) business across 27 European Union countries in the 2010-11 season.
Brussels-based consultant KEA suggests a growing link "between transfer expenditure and sports results" since 2001.
The Champions League "contributes to consolidating the existing supremacies" as non-participating teams share solidarity payments worth just six percent of revenues shared by the 32 group-stage teams, the report says.
The study also suggests European laws could regulate the third-party ownership of players' transfer rights by investors.
It proposes improving financial transparency by extending FIFA's monitoring system of international transfers to cover domestic deals.
Tags:
european union, champions league, property, economics, report, human rights, business, sports results, football, european union countries, transfer, institutions of the european union, member state of the european union, european commission-backed study, brussels-based consultant kea, transfer deals, wealthy clubs, domestic deals, transfer expenditure, european study, solidarity payments, competitive balance, financial transparency, transfer market, third-party ownership, international transfers, non-participating teams, group-stage teams, transfer rights, european laws
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