Main findings of EU-backed sports review

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Nov 24 (Reuters) - Following are the main recommendations of the Independent Sports Review into how sport in the European Union should be run, originally released in May with a new version published in October: EU sports ministers will discuss the findings of the report at a meeting in Brussels on Monday and Tuesday: - EU and UEFA to agree a formal structure, with UEFA being granted official recognition as the governing body for European football. - The introduction of "cost controls" on players' salaries. This is not a salary cap as first proposed. Instead, clubs will be allowed to spend only a certain amount of money on players' wages based on their overall revenue. The ratio is not defined in the report. - New EU regulations for players' agents to provide better transparency. They should include harmonised standards for agents' contracts and the introduction of an agents' licensing system. - An independent European clearing house to be set up for player transfers. - All clubs to have a certain number of "home-grown" players in their squads coupled with a squad size limitation. The number of home-grown players or a definition of home-grown was not in the report. - A higher proportion of money from the Champions League to be put aside by UEFA for grassroots football. - Setting up a European code of corporate governance for clubs. - The need to ensure the independence of clubs and combat multi-ownership. - Putting the player release rule for international matches on a firmer legal footing. This FIFA rule says clubs have to release their players for national team duty without entitlement to compensation. - UEFA to introduce a collective insurance package for players injured during the European Championship.