White Hart Lane

Next Game

Tottenham v Newcastle

Sunday, 26 October 2014, 13:30

Barclays Prem

St James' Park, Newcastle

Last Game

Newcastle 1 - 0 Leicester

Saturday, 18 October 2014, 15:00

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

W

e're our own worst enemy. We're suicidal in defence, and we may just get slaughtered on Sunday. Other than that, I am very pleased with my team.

bob the manc
Van Gaal: We can catch Chelsea

B

alotelli would've scored if the goals height was 3 times higher too...

footyfan52
Rodgers defends Balotelli

A

s if storey would ever get invited on a stag do

dooby
Does Wenger Know He's To Blame?

Footer 365

Champions League: Manuel Pellegrini believes his Man City side can still qualify from group

Manuel Pellegrini remains confident Manchester City can qualify for the Champions League knockout stages despite draw.

Champions League : A controversial penalty earns CSKA Moscow a 2-2 draw with Manchester City

A controversial late penalty earned CSKA Moscow a 2-2 draw with Manchester City in their Champions League Group E clash.

Ferguson: Club made Moyes decision

Sir Alex Ferguson insists the correct processes were followed prior to the appointment of David Moyes at Old Trafford.

Mail Box

Are There Any Happy Fans Out There?

It seems as if Chelsea, West Ham and Southampton are the only content supporters right now. We have more doom and gloom for you. Who wants good news, eh..?

Is Van Gaal Just A Dutch Pardew?

A Mailbox of comparisons. Van Gaal is similar to Pardew, Wenger to Moyes, Van Persie to a spent force, and Pelle to a bloody gent. There's also plenty from last night...

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