Michel Platini: Real Madrid Have Wrecked Transfer Market; New Rules In 2012

The UEFA president, Michel Platini, has once again censured Real Madrid’s exorbitant movements in the transfer market, as they have spent close to €200 million just to sign Kaka, Cristiano Ronaldo and Karim Benzema this summer.

Many of Europe’s top footballing chiefs have accused Los Blancos of disrupting the already unsteady transfer climate, and Platini believes that Florentino Perez’s recruitment policy is damaging the smaller clubs.

“Madrid have ruined the market,” he told the weekly Italian publication, L’Espresso.

“Nearly half the clubs [in Europe] are operating at a loss and this cannot be. Many of the organisations are still managed using traditional methods, by means of the presidents’ own resources."

“Making these lavish signings will fuel a rise in inflation, which will impact negatively on all the clubs across Europe.”

Platini then went on to announce proposed measures to curb the excessive, multimillion dollar acquisitions.

“In 2012, we will introduce financial fair play,” he revealed.

“Clubs would only be able to buy players with their own resources, without any external aid to abet speculation."

“Most of the club presidents and the law are on our side in this matter. But now, what can we do?”