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FIFA, EU to Set Up Independent Review Panel

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Soccer's world governing body and the European Union have agreed to work together to solve some of the problems plaguing the game.

The International Football Federation (FIFA) and the EU agreed to set up an independent review panel to cover issues ranging from players' salaries and agents to money laundering. The first audit of the problems will be read in January.

The European Union wants a salary cap for players, tougher rules for player agents, and some guidelines for club directors. The accord came after FIFA President Sepp Blatter made sure wealthy clubs and leagues would not dominate the process.

For years, FIFA has been battling the so-called G-14, made up of the richest European clubs. Mr. Blatter said recently that football was in danger because of what he called the "pornographic" amounts of money rich clubs pour into the game.

Some information for this report provided by AP, AFP and Reuters.

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