are professional clubs signing up kids way to young.?

Should an age limit be put on all clubs before they are signed up.?
Should an age limit be put on all clubs by authorities before they can sign up children for their academies.?

https://soundcloud.com/dxtl/10-05-2013-age-limit-before-clubs-can-sign-up-children

“Mal ; Professional Clubs are signing up children as young as eight years of age,how many of these youngsters will make it to the big stage,and do you think the clubs are signing the children up far to early are they missing out on weekend football and playing amongst their friends,does this give them and their parents a false sense of belief.then what happens to that child when they are no longer required by the club,do many become distraught and do they feel they are a failure.?