LONDON: The new visa system put in place after Brexit is a contributory factor to Premier League clubs spending record sums on transfer fees as they find it more difficult to sign players at a younger age, the league's chief executive Richard Masters said on Thursday. A UEFA report published last month sho
LONDON: The new visa system put in place after Brexit is a contributory factor to Premier League clubs spending record sums on transfer fees as they find it more difficult to sign players at a younger age, the league's chief executive Richard Masters said on Thursday.
"Whilst we're totally committed to developing young, homegrown players and we want Gareth Southgate to be successful... when you have a limited supply of players you can go for and you've got lots of demand, then it's slightly inflationary," Masters said. "Ultimately we have generated an earned advantage over our European investors and a lot of that earned advantage goes to those European investors in transfer fees for players that we can no longer buy at a younger age," Masters added.
Their spending raised questions on how they would comply with Financial Fair Play regulations but Masters said they needed to be judged over a period of time.
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