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I don't know if it is that easy. What is to stop a rich owner who is getting frustrated by EU relegations (being it a salary cap or some sort of maximum salary) from going and buying a team in Turkey and signing all kinds of stars to much higher contracts then they would be allowed in an EU country?

I don't think this is that big of a problem yet. How would you even impose a European arrangement? Would it only be open to the EU? Whats to stop rich teams in non EU countries from taking all the good players. How much is the salary cap? Should teams in La Liga have the same cap as teams in...