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» Brexit may damage Premier League's pursuit of young European players
The
Premier League's ability to sign young European players could be
significantly impacted by the UK's decision to exit the European Union.
The
United Kingdom's exit from the European Union could make it more
difficult for the Premier League to attract top European prospects at a
younger age, an expert in sports law has claimed.
The British public voted to leave the EU on Thursday in a decision
that has already had a significant impact on global financial markets.
With the Premier League relying heavily on transfers from European
leagues, questions have been asked about the effect on a division widely
regarded as the most competitive in the world.
And Carol Couse, who works for Mills and Reeve LLP, feels the loss of
a current exception in FIFA regulations could see the Premier League
lose out on younger talent to its continental rivals.
She told Omnisport: "As things stand EU nationals don't need work
permits, non-EU nationals do. That means they need to comply with
certain criteria, ranging from playing 30 per cent of the games for
their national team to 75 per cent of their national team games over a
period of two years, or one year if the player is younger than 21.
"If those sort of criteria are applied to EU nationals, then that may
make things more difficult for Premier League clubs to attract the
talent they have now.
"A bigger picture is that the majority of top players that play with
Premier League clubs are probably able to comply with the work permit
criteria. There's going to be a small proportion that may not be able to
comply with that criteria and they may go to other EU countries rather
than the UK. It's going to depend on what the work permit criteria is
going forward.
"The Premier League will try to use its influence in negotiations
with the Home Office to try and ensure that the regulations aren't
unduly onerous to prevent EU players coming in. One of the more indirect
impacts of 'Brexit' might be the devaluation of the pound and this
summer may see a bit of pressure from European competitors when signing
players, in the event that there is that sort of budgetary constraint
for Premier League clubs.
"This is the first season of the big TV deal, when we're looking at
an £8billion-pound, three-year TV deal. The clubs may be ok to cope with
any devaluation of the pound that comes along.
"The real impact of Brexit could be the loss of the article 19
exception. This is a provision in the FIFA regulations that allows EU
nationals within the EU or the EEA [European Economic Area] to move
between the ages of 16 and 18.
"So obviously in the event that we're neither a member of the EU or
the EEA, then there's a loss of that advantage of bringing those young
promising players in at the age of 16, whereas clearly the European
competitors may be able to recruit the players at that age and capture
that talent at a younger age."
CREDIT TO:http://www.fourfourtwo.com/news/brexit-may-damage-premier-leagues-pursuit-young-european-players
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