St James' Park, Newcastle

Next Game

Newcastle v Swansea

Saturday, 25 April 2015, 15:00

Barclays Prem

St James' Park, Newcastle

Last Game

Newcastle 1 - 3 Tottenham

Sunday, 19 April 2015, 16:00

Barclays Prem

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

W

hen a players ability sinks to less than SWP's, but his value accelerates to more than £50m you know you must be in the comments section of an article about a Liverpool player leaving.

goober
Sterling Case For Leaving 'Bigger' Club

I

ll never forget Matt Stanger on Scott Dann on the transfer blog. I've always rated Dann since his time at Brum, and some newspaper had him going to a biggish club after Blackburn's relegation. A ball playing defender, Stanger mused, quoting. Pah. He's a godawful hoofer .

arexrarris
F365's Top Ten Unheralded Players Of The Season

T

o be fair, one of the reasons its so difficult for certain clubs to get close to Real Madrid or Barcelona is once they have a player who is good enough to compete against the likes of Real Madrid or Barcelona, they f*ck off, usually to either Real Madrid or Barcelona.

hump3.
Simeone baffled by PL failure

Footer 365

Jurgen Klopp not a West Ham target says Karren Brady

West Ham vice-chairman Karren Brady says reports that the club have approached Jurgen Klopp to take over as manager are "nonsense".

Manchester United defender Chris Smalling signs new four-year contract

Manchester United have confirmed defender Chris Smalling has signed a new contract that keeps him at the club until 2019.

Harry Redknapp criticises Mauricio Pochettino and Tottenham

Harry Redknapp says Mauricio Pochettino "has been rescued" by the performances of Spurs' young players this season, and has criticised the club's transfer policy.

Mail Box

Bentaleb Should Be On Unheralded List...

Nabil Bentaleb could be as good as Luka Modric, says one Tottenham fan. We also have lots of mails on Chelsea's style as well as Raheem Sterling's price tag...

Brendan Rodgers Deserves Another Season...

"I am not bashing Chelsea, however..." The Mailbox takes aim at Jose Mourinho once again and under-fire Liverpool boss Brendan Rodgers "deserves another season".

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