UEFA in talks to limit transfers and wages

The European Club Association (ECA), which represents the continent's leading clubs such as Manchester United, Real Madrid and AC Milan, has proposed clubs should only be allowed to spend around 51 percent of their revenue on transfers or salaries.

An upsurge in the cost of buying players -- highlighted by Manchester City's reported 110 million euros ($145 million) failed bid for AC Milan's Kaka -- combined with huge salaries prompted the move as the global financial crisis bites.

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