Source: PA
Buck backs an end to worldwide carefree spending
Chelsea chairman Bruce Buck has pledged his club's support to calls for a salary cap in football.
Though owner Roman Abramovich's arrival at Stamford Bridge in 2003 heralded an unprecedented wave of spending on transfer fees and wages, the Russian has made efforts in recent years to balance the books and significantly reduce his club's spending.
UEFA are to introduce the key point of their Financial Fair Play regulations from the 2013/14 season, which will see clubs required to achieve break-even status or be excluded from European competition.
Abramovich is a supporter of those regulations and the Blues would also back a limit on wages. However, Buck voiced fears over players moving to countries outside of the cap and stressed that any such rules must leave a level playing field across the continent, if not the world.
"We would seriously consider a wage cap. It has to be properly implemented," the American told the Sunday Times.
"I'm not even sure that Europe-wide is enough. Look what happened with cricket and the IPL (Indian Premier League): the best players are going to go where they can make the most money. We have many of the best players in England and we do not want to see them go elsewhere."
