UEFA Concerned about Madrid and Man City Wasting Money

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Soccer Betting - Gambling Advisor blogUEFA is concerned that Real Madrid and Manchester City have changed the transfer market in Europe by paying astronomical amounts for transfers and wages of new players.

With the financial support of its Abu Dhabi owners, the City continues to spend after paying 100 million pounds (170 million U.S. dollars) by Carlos Tevez, Roque Santa Cruz, Gareth Barry, Kolo Toure and Emmanuel Ade.

For its part, Madrid spent about $ 271 million in Cristiano Ronaldo, Kaká and Karim Benzema, leaving the rest of the clubs in trouble while trying to sign new players.

I would say that in this economic environment, it is surprising (the excessive spending of money), and destabilizes the market a bit, said Tuesday the general secretary of UEFA, David Taylor, in an interview with the BBC. It has certainly raised the stakes in the cost of the players on the market in general, what we do not place at all in these difficult times.

The president of UEFA, Michel Platini has expressed his displeasure with teams like Manchester United, Liverpool and Chelsea who are in debt to finance its expenditures, a practice that has been classified as financial doping.

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