Crystal Palace boss Ian Holloway admits he's bitterly disappointed by news of Chelsea's £1.7 million contract offer to teenage Ruben Loftus-Cheek.

Ollie wrote in the Sunday Mirror: "Ruben Loftus-Cheek will be financially­­ ­secure for life even if he never kicks a ball in the Chelsea first-team.

"I don't know young Ruben and I sincerely wish him all the luck in the world as he ­embarks on his career.

"But what kind of game has football become if clubs are prepared to pay the kind of riches the man in the street can only dream of based on potential, ­rather than achievement?

"Football has long been accused of losing touch with the real world.

"Players may be adored by many, but there is a perception that the average footballer is nothing more than an overpaid egomaniac who is only interested in the size of his bank account.

"Stories of Premier League stars wiping their backsides on bank notes or treating women like pieces of meat no longer have shock value.

"Those kinds of things have become the norm.

"Making players millionaires before the age of 20 is, in my opinion, morally and ethically wrong."