The topic of salary caps in European professional soccer has been on everyone’s lips for quite some time. Lately, the debate has been fueled once again by the considerable revenue losses caused by the pandemic and the resulting liquidity crisis for many soccer clubs.
In its study “Football Money League 2021“, the consulting firm Deloitte reported a combined drop in revenue of €1.1 billion for Europe’s 20 highest turnover soccer clubs in last year’s season. Industry giants such as FC Barcelona and Juventus Turin lost their most valuable players Lionel Messi and Cristiano Ronaldo, not least under the pressure of excessive salary commitments.
A salary cap for soccer professionals could therefore be a means for many clubs to put themselves on a more solid economic basis – and at the same time an opportunity for the continental association UEFA to ensure more balanced competition.
But is a salary cap legally possible, for example in terms of labor and antitrust law, and is it enforceable in practice? We want to discuss this on October 26, 2021 at 5:00 p.m. as part of a comparative online panel with renowned sports law experts from the USA and Germany.
The webinar is primarily aimed at club and association lawyers, sports lawyers, player advisors, academics and all those interested in sports law.
6:00 Welcome, introduction of the speakers, introduction to the issues.
6:10 Salary caps in US professional sports
6:30 Salary caps in Europe?
6:50 Question and answer session and discussion
This panel is open to everyone by free admission and will be held in English.
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