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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    Bet with SkyBet  Premier League. Click here to bet.

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.

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I

may well get slated by other United fans for this, but out of the three contenders, I'd far prefer Liverpool to win the title. Yes some elements of their fanbase can be a bit OTT, yes they're our biggest rivals and yes it will make our poor season feel even more like the end of an era (Fergie's gone, Liverpool are back on top). However I just have to applaud Brendan Rodgers and the way he's turned Liverpool around in just a couple of seasons. It...

Mike_Christie
Please Stop Telling Us What To Think

H

ooray! We are all excited now, we beat a very mediocre team! With all due respect to WHU supporters, not winning that game shouldn't even be a consideration. This is the problem, there is no winning mentality at the Emirates - we're all congratulating ourselves beating a team that we have a winning record against.

TheWhiz
Wenger hails important win

I

s this meant to be an aspiration for United supporters? Moyes mediocrity strikes again. I see the Bayern boys don't want to sign for him, and his reputation amongst the senior European coaches make other key signings unlikely.

redbornandbred
De Gea's Europa League target

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