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SBD Global/April 25, 2014/Finance
Russia's Second-Tier Football League Proposes Salary Cap After Spate Of Bankruptcies
Published April 25, 2014
VICTIM OF FINANCES: Alania, a one-time champion and two-time runner-up of the Premier League, based in the Caucasus region of North Ossetia, was among the most likely candidates for promotion to the Premier League in the season's first part. However, the squad went bankrupt when its sponsor pulled out of a $40M-a-year deal. Salyut was reportedly several months behind in paying the players' salaries when the squad announced it was pulling out of the league and dissolving last January. Although FNL players' salaries are generally much lower than their Premier League colleagues', footballers' salaries still account for a substantial part of most squads' budgets. A final decision about the salary cap is to be made during the summer break.
Vladimir Kozlov is a writer in Moscow.