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    shouldn't there be a maximum wage, or a system of transfer fees designed to limit costs to clubs?

    The fact that it limits players' rights to earn what they want is by the by. excessive costs, leading to higher liabilities, is seldom healthy for any industry. One doesn't need to be an expert in microeconomics or financial accounting to understand this.

    Of course, debt is not inherently bad, if managed well. but how many clubs can say their debts/liabilities are proportionate with income?
 
 
 
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