They’re voting on one now:
[https://www.sportico.com/leagues/soccer/2024/premier-league-salary-cap-proposal-1234777230/](https://www.sportico.com/leagues/soccer/2024/premier-league-salary-cap-proposal-1234777230/)
(At least in the English Premier League).
In large organizations things can’t just be implemented. There are processes, bureaucracy, and politics involved. It’s taken months to just get to this point with the above proposal and won’t take effect for another year. Things take time and require the appropriate social momentum to build up.
Because the European leagues compete with each other.
In the US for example there is no real competition between the teams as they are all franchises of the same company in the end. (A football team in the US is basically just like a McDonalds Restaurant in a different city). While the leagues within Europe and the teams within those leagues are complete different legal entities. Those teams are just members of the UEFA for example and the UEFA does not have direct rights to give instructions to those teams.
However if let’s say England would implement a salary cap and it is not too high.. then the best player would just move to Spain, France, Italy or Germany. Or with a very low cap they even might go to Asia or where they get the most money.
I’m personally not even sure that a salary cap could be legally allowed. There have been many rules in football that have been abandoned by decision made by “real courts”.
For example: [https://en.wikipedia.org/wiki/Bosman_ruling](https://en.wikipedia.org/wiki/Bosman_ruling)
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