FIFA president Gianni Infantino is open to debates about reworking football's finances AFP/Ezequiel BECERRAPARIS: FIFA president Gianni Infantino called on Saturday for discussions over proposals to introduce salary and transfer fee caps to football in the wake of the coronavirus pandemic.
"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. A recent study by accounting firm KPMG said the transfer value of players in 10 of Europe's top leagues could plummet by up to 10 billion euros due to the economic crash caused by coronavirus.The French league, declared over in late April, said it would have to take out a government-guaranteed loan of some 225 million euros to tide over clubs impacted by the loss in income from broadcasters.
"The need for top club football to resume has understandably taken priority, but we must also consider national teams, women's football, lower-tier domestic leagues, youth and the grassroots game," Infantino said.
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