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Improvements to football, including a cap on how much clubs can pay for its players' wages and transfers, were agreed upon by European sports ministers.
The Independent Sports Review, a report by former Portuguese minister Jose Luis Arnaut, contains the proposals and is to become a key part of a European Commission white paper on sport.
The report calls for rules to prevent billionaire owners from buying all the best players and to limit how much the clubs can spend on wages. However, it does not put a limit on how much an individual player can earn.
Twenty-five European sports ministers met in Brussels and agreed to the report.
Six ministers, including Britain's Richard Caborn, a key player in attempts to change the way football is managed, will now form a group to advise on the drafting of the new legislation.
Caborn, who has been criticised by Premier League chief executive Richard Scudamore over government influence in the sport, will meet in February to discuss the issues.
The Independent Sports Review, a report by former Portuguese minister Jose Luis Arnaut, contains the proposals and is to become a key part of a European Commission white paper on sport.
The report calls for rules to prevent billionaire owners from buying all the best players and to limit how much the clubs can spend on wages. However, it does not put a limit on how much an individual player can earn.
Twenty-five European sports ministers met in Brussels and agreed to the report.
Six ministers, including Britain's Richard Caborn, a key player in attempts to change the way football is managed, will now form a group to advise on the drafting of the new legislation.
Caborn, who has been criticised by Premier League chief executive Richard Scudamore over government influence in the sport, will meet in February to discuss the issues.
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