Britannia Stadium

Next Game

Stoke v Tottenham

Saturday, 09 May 2015, 15:00

Barclays Prem

White Hart Lane

Last Game

Tottenham 0 - 1 Man City

Sunday, 03 May 2015, 16:00

Barclays Prem

Clubs back financial reform

Premier League clubs have voted "overwhelmingly" in favour of introducing financial restrictions, according to West Ham joint-chairman David Gold.

Last Updated: 11/04/13 at 07:11 Post Comment

David Gold: Represented West Ham at meeting of 20 clubs

David Gold: Represented West Ham at meeting of 20 clubs

Representatives of the clubs initially met in December to discuss proposals which would impose short-term limits on wage rises and force clubs to work towards breaking even.

The 20 members agreed to reconvene this week, when 14 votes were required to approve the proposals.

Full details of the agreement are expected to be disclosed later on Thursday, but Gold emerged from the vote to tell Sky Sports News: "The clubs supported change.

"We've all voted and it was overwhelmingly supported. Some clubs are a little concerned, but the vast majority voted in favour.

"That will now go to the board for putting into rules, and we'll vote on that in April.

"It's not a salary cap, it's a restraint on over-spending. If clubs increase their revenues then they can increase their spending. We have got restraint, that's the important thing."

The possibility of regulation has arisen against the backdrop of UEFA's Financial Fair Play 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.

To find out more about live football on Sky Sports, Click here

Related News

Most Commented

Readers' Comments

M

aybe Hull charged the Liverpool fans more because their massive sense of entitlement takes up more room? Badum tish.

sailingmagpie
Everton team subsidise awayday

T

he John Carver Experiment sounds like the worst jazz fusion band of all time. Which is saying something.

sailingmagpie
The John Carver Experiment: The Next Episode

T

ime to play Liverpool players in their natural positions? I agree, but surely the subs' bench isn't big enough for all of them?

balls-to-monty
The John Carver Experiment: The Next Episode

Footer 365

Jose Mourinho already targeting more success after 'hard-earned' Chelsea title

Jose Mourinho insisted Chelsea were deserved Premier League champions - and then declared himself hungry for more.

Chelsea 1-0 Crystal Palace: Eden Hazard the hero as Blues secure Premier League title with nervy win

Chelsea secured their first Premier League title in five years after a nervy 1-0 win over Crystal Palace.

Tottenham 0-1 Man City: Sergio Aguero goal all but secures Champions League spot

Sergio Aguero’s first-half strike was enough to hand Manchester City a 1-0 win over Tottenham at White Hart Lane.

Mail Box

Shouldn't We Give Players Time?

Do we really want to throw out the baby with the bathwater every single summer? We also have a Man United fan who wants massive investment. And more...

Liverpool: No Greater Than Aston Villa

It's fair to say that Raúl H. Garcia from the morning mailbox has got something of a kicking on Thursday afternoon. Oh and the Neviller is wrong for once...

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