AC Milan chief Galliani backs European salary cap
AC Milan chief executive Adriano Galliani has called for a salary cap in soccer to cut costs as the sport deals with the global economic crisis.
"I think it would be opportune to have a salary cap, like they do in the United States," Galliani was quoted as saying by Thursday's La Gazzetta dello Sport.
"There are discussions at UEFA to introduce this system in the Champions League sooner or later."
He also said the "wind of crisis" is blowing in the English and Spanish top flights as well as in Serie A, and that the close season transfer market would be affected.
"A weak, pale summer market awaits us, with player swaps but very little money movement," he added. "This is more than certain."
He reiterated that Kaka was not for sale, after Manchester City failed to lure the Brazil playmaker away from the San Siro in January, and that Milan would buy a defender and snap up any bargains that arise.
• Gennaro Gattuso claims he would be willing to take a pay cut if the club needed him to.
With the global financial crisis taking effect, clubs are having to act more prudently, and Milan General manager Adriano Galliani revealed yesterday he believes there will be few cash transfers this summer.
Gattuso, who has been at the Rossoneri for 10 years, insists he is ready to sacrifice part of his own earnings for the good of the club.
"At times like these I'm in favour of a possible reduction in salary," he said. "I've already talked about it with Galliani.
"If the club ask me to take a pay cut, I'm ready."
Gattuso has been out of action since undergoing an operation on a knee injury he sustained during Milan's victory over Catania back at the beginning of December.
The 31-year-old, who will be sidelined for the rest of the season, has not set a date for a return to training.
He added: "The surgeon will not allow me to go back on the pitch until at least five months after the injury, so we'll talk about it in May."