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European football, or soccer as we call it, has the same disturbing rule we see in American baseball: no salary caps. And it's making everything lopsided, just like in the MLB. In particular, I'm talking about the English Premier League.
The English Premier League (EPL) was started in 1992 when 22 of the best teams from The Football League decided to break away and start their own conference of sorts. It's kinda like what happened with the NFL, when the NFC broke away from the AFC. In American football, you now have the AFC and NFC under the umbrella of the NFL. In European football, you now have the The Football League and the EPL both under the umbrella of The Football Association (FA). Both sports even have their own corresponding versions of championship games. With the NFL, it's the Super Bowl. With the FA, it's the FA Cup.
Where the EPL starts looking more like America's baseball than our football though is in the correlation between championships and team revenue. Since the EPL's inception 22 years ago, only 5 teams have won their version of a championship: Manchester United (13), Arsenal (3), Chelsea (3), Blackburn Rovers (1) and Manchester City (1). All the other teams can barely compete. It's no coincidence that Manchester United, or Man U for short, has dominated; Man U is the second richest team in all of sports according to Forbes.com, and far and away the richest team in the EPL. They can afford to stockpile all the best talent money can attract as they have the deepest pockets. The absence of salary caps allows them to do this.
Baseball's comparison is clearly the New York Yankees. Since Major League Baseball (MLB) started doing the World Series, the Yankees have won 27 titles. The next closest competitor on that list are the Cardinals with 11. Not even close. And once again, Forbes list the Yankees as far and away the richest baseball franchise.
Forbes list Man U as the 2nd richest team in all of sports. Their league has no salary cap. The Yankees are 4th on Forbes list. MLB also doesn't salary cap. The Dallas Cowboys are 5th, and the NFL most certainly caps team's allotment of salary distribution. Needless to say, the Dallas Cowboys haven't dominated much of anything in the last 2 decades. And, even when they did "dominate", they were on top with 5 super bowls when the next closest was 4 (I believe that team was the Pittsburgh Steelers, who have since surpassed that tally).
Salary caps in sports even out the competition. Talent is more evenly distributed. It makes the game more fun and competitive. Where there are no salary caps, you have to watch the Yankees in the World Series again, and again, and again. You have to watch Man U beat up on the rest of the EPL over and over. It's just not fair. The MLB and the EPL need to learn from the NFL.