UEFA president shares salary cap plan that could have huge impact on Manchester United and Man City

UEFA president Aleksander Cerefin has revealed that he wishes to implement a salary cap into European football “as soon as possible”.

The Slovenian says he is concerned about a small number of clubs becoming exclusively successful, winning all of the trophies year after year with no competition. UEFA are set to introduce new regulations from 2024 whereby a club cannot spend more than 70 per cent of their revenue on transfers and salaries.

Manchester United and Manchester City are considered to have two of the biggest wage bills in Europe with the wealth of the Premier League shadowing all other competitions across the continent.

READ MORE: United offer Guardiola an extra incentive with City

Cerefin is worried that UEFA’s impending finance regulations on their own may not be enough to stop the dominance of the select few at Europe’s top table, and that more will have to be done in order to prevent a loss of competition.

He says it’s a concern shared by all clubs and claims “everyone agrees” that a salary cap would be a good move, as long as it is applied across all European leagues. Speaking to US outlet Men In Blazers, Cerefin said: “In the future we have to seriously think about a salary cap.

“If the budgets go sky-high then our competitive balance is a problem. It’s not about the owners, it’s about the value of the competition, because if five clubs will always win then it doesn’t make sense any more.

“I already spoke with some people from the European Commission, we are trying to push that. But it has to be a collective agreement – every league and UEFA. Because if we do it and the other leagues don’t, then it doesn’t make sense.”

Football saw a huge response to the attempted Super League breakaway in 2021 which