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European Political leaders to help UEFA regulate the Transfer market

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UEFA president Aleksander Ceferin has called for greater support from Europe’s political leaders to help introduce measures to regulate the transfer market on the continent.

“I have heard some very prominent politicians, such as the German Chancellor Angela Merkel just a few days ago, condemning financial developments in football and calling for greater sporting balance,” Ceferin said in a speech to open the UEFA Congress in Geneva on Wednesday.

“To all the European politicians, let me say that we cannot agree more, but I cannot say that you have done much to help us set things straight so far.

“We are open to any and all reforms that would serve the good of the game. We are imaginative and we are committed, and we are just waiting for the green light from those who… have yet to enable us to put it right.”

Hoping to be elected for a fourth term in legislative elections this weekend, Merkel recently criticised French giants’ spending in the summer transfer window as they committed the two biggest transfer deals in history to sign Neymar from Barcelona for 222 million euros ($264 million) and Kylian Mbappe from Monaco for 180 million euros(currently on loan).

This has led to purchase of over 400 million using the fund beyond club revenues that attracted the attention of Fifa Fair Play.

“Such sums are comprehensible to no one. UEFA and FIFA should readjust the rules on player transfers to ensure greater balance. Otherwise, the transfer fees threaten to rise further,” Merkel said.

UEFA earlier this month said they had opened an investigation into whether PSG had broken their rules on Financial Fair Play which are designed to stop clubs spending more than they earn and hardly selling any.

Ceferin added: “If European and national legislation were to allow it, we could envisage with more guarantees, and greater certitude, a whole arsenal of concrete measures to make the game fairer and better regulated, and improve its ethics and solidarity.”