Stamford Bridge

Next Game

Chelsea v Swansea

Saturday, 08 August 2015, 15:00

Barclays Prem

League looks to ratify FFP

The Premier League will look to ratify their Financial Fair Play regulations on Thursday at a shareholders' meeting.

Last Updated: 11/04/13 at 14:17 Post Comment

The proposals were voted on in February by the club chairmen - but the vote could not have been closer.

Under Premier League rules a two-thirds majority of the 20 clubs is needed, and only 13 voted in favour with six voting against - but Reading's decision to abstain meant that the motion was passed.

Chief executive Richard Scudamore is now pushing for the proposals to be approved on Thursday, and it is expected that the plans will be ratified despite some opposition.

It is understood that Fulham, West Brom, Manchester City, Aston Villa, Swansea and Southampton were the clubs who voted against the plans in February. Should another club vote against, or indeed Reading join the 'no' camp - then the proposals would be blocked.

The plans promise two significant controls; To limit players' wage bills from next season and longer-term measures that will restrict the amount of losses clubs can make to £105million over three years.

Clubs whose total wage bill is more than £52m will only be allowed to increase their wages by £4m per season for the next three years, but the cap does not cover extra money coming in from increases in commercial or matchday income.

The ceiling when the wage increase restrictions kick in will be £52m next season, £56m the following year and £60m in 2015-16. Only seven of the current top-flight clubs would be under that ceiling at the moment.

The regulations have come about against the backdrop of UEFA's Financial Fair Play (FFP) initiative.

Under UEFA's new rules clubs are being forced to minimise losses or risk the possibility of exclusion from European competition from 2014/15.

Should Premier League clubs break their proposed new rules, Scudamore has already confirmed that they will face a points deduction.

Related News

Most Commented

Readers' Comments

D

on't go to England at your age, you'll either be mugged or not appreciated. Or made to lump the ball long to a bloke who looks like a mascot.

megabrow (cufc)
Beckenbauer warns Schweinsteiger

F

rom the headline I presumed he meant boots, pants, jim-jams, toothbrush and paste, passport, tickets, premier inn long-term package, Scouse-English-Portuguese-German dictionary, 'How to be a 9 and 3/4' by B. Rodgers, few dozen tins of food and Evian because you can never be sure about the local food/water...

KevinBoatang
Firmino has 'everything' for PL - Willian

H

e looked like he was playing with a plastic pound shop ball in the wind against Juve, his passing was so bad.

paddy7s
Sergio Ramos: Exactly What United Need

Footer 365

Dani Osvaldo leaves Southampton two years early

Southampton have terminated the contract of record signing Dani Osvaldo.

Slaven Bilic missing from West Ham bench for Europa League opener

Academy manager Terry Westley will be in charge when West Ham make their Europa League debut against Andorran side FC Lusitans.

Matej Vydra joins Watford on five-year deal after two loan spells

Striker Matej Vydra is back with Watford, this time on a permanent basis after signing a five-year deal to join the club from Udinese.

Mail Box

Are United Aiming Too High On Transfers?

One mailer wonders whether United are aiming a little high on their transfer ambitions. Plus, BAHs, West Ham in Europe, petty annoyances and Michu to United...

Liverpool Are Attractive To Strikers

You've got little competition and bags of service from midfield, so surely strikers would love to join Liverpool? Plus England's future, Callum Wilson handshakes and...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company