Emirates Stadium

Next Game

Arsenal v Benfica

Saturday, 02 August 2014, 16:20

Friendly Match

Red Bull Arena

Last Game

New York Red Bulls 1 - 0 Arsenal

Saturday, 26 July 2014, 22:00

Friendly Match

Clubs approve financial rules

Premier League shareholders have ratified the rules governing financial regulation of football clubs.

Last Updated: 11/04/13 at 18:22 Post Comment

Premier League: Shareholders have ratified rules governing financial regulation

Premier League: Shareholders have ratified rules governing financial regulation

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 Premier League's 20 chairmen agreed by the narrowest majority to bring in the main controls in February, 13 voting for, six against with one abstention.

Thursday's vote, written down rather than a show of hands, was slightly more decisive with 14 clubs in favour, one abstention and Manchester City, Fulham, West Brom, Aston Villa and Southampton voting against it.

One concession was agreed, meaning that any profits from player sales will not be part of the spending restrictions on players' wages.

Football Association chairman David Bernstein admits he welcomes the agreement.

He said: "There is stress on clubs that none of us have wanted to see, with all the changes taking place in football.

"So it's good to see that bit by bit UEFA, the Football League and the Premier League are taking a step in the right direction."

Related News

Most Commented

Readers' Comments

I

think all those names linked to United exits make sense. Kagawa has never really looked like hitting the form he had at Dortmund and Fellaini is radioactive after last season (even though I think he's been unfairly singled out for criticism). Nani and Anderson have had more than their fair share of chances so they are done, and Hernandez deserves better than warming a bench.

ted, manchester
The Insecure Gossip

H

e'll be off to Spurs (or better) in January and I don't blame him. Looking forward to re-signing Grant Holt as his replacement though.

notalentjones
Benteke ignoring speculation

I

n fairness, he does look absolutely shattered in that photo.....

FairyNuff
Shaw told to shape up

Footer 365

Champions League: John Collins claims Celtic will have to be at best to get past Legia Warsaw

John Collins says Legia Warsaw pose a huge threat to his dream of Champions League football with Celtic this season.

Premier League: Daniel Sturridge confident Liverpool can shine without Luis Suarez

Daniel Sturridge believes Liverpool have the squad to handle Luis Suarez's exit and will challenge for top honours.

Transfer news: Simon Mignolet backs Liverpool target Divock Origi and welcomes Pepe Reina return

Liverpool are closing in on Divock Origi and the Belgium youngster has been tipped to shine in the Premier League.

Mail Box

Don't You Worry About Southampton...

We can't help but agree with one mailboxer who tries to calm the crisis-mongers gathering around Southampton, while we have mails on Man United's squad...

No Wonder Wenger Doesn't Buy British

That's if reports that Calum Chambers cost Arsenal £16m are to be believed. The English premium shows no signs of disappearing. Plus, worrying about poor Southampton...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property