Stamford Bridge

Next Game

Chelsea v Man City

Saturday, 25 May 2013, 22:30

Friendly Match

Last Game

Chelsea 3 - 4 Man City

Friday, 24 May 2013, 01:30

Friendly Match

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    Bet with SkyBet  Premier League. Click here to bet.

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

Bet with SkyBet  Premier League. Click here to bet.

Related News

Sky Bet

    • Retrieving latest Sky Bet odds

Most Commented

Readers' Comments

I

m absolutely disgusted that I've been misquoted in saying that if a chance came up to join Arsenal I would be interested. What I meant to say is if Man United or Chelsea were interested......

gulliver
Agent cools Benteke exit talk

L

FC league positions and points from last 4 seasons - 7 (61), 8 (52), 6 (58), 7 (63). Werner calls it progress, I call it mid table stability.

kolev_lfc
Reds progress delights Werner

I

s there a PR agency covering Begovich, Odemwingie, Steven Fletcher and Grant Holt or something? Why would you offer a quote like that without having been announced by either club. #headsshoulderskneesandtoesgone

Havelange
Begovic hints at Liverpool move

Footer 365

Aguero happy to stay at City

Argentina striker Sergio Aguero insists he is happy at Manchester City and sees no reason to leave the club after just one trophy-less season.

Blackburn appoint Gary Bowyer as manager on 12-month rolling contract

Blackburn have confirmed the appointment of Gary Bowyer as the club's new manager on a 12-month rolling contract.

Inter Milan appoint Walter Mazzarri as coach after sacking Andrea Stramaccioni

Inter Milan have named Walter Mazzarri as the club's new coach on a two-year contract after sacking Andrea Stramaccioni.

Mail Box

Wayne Rooney Is Just An Average Athlete

That's the difference between him and someone like Cristiano Ronaldo - his body just isn't right. We have mails on him, Sparky, Brendan Rodgers and the Europa Lge...

Saving The Europa League And More...

Nice one UEFA, but not far enough. We have some ideas to make the Europa League better as well as more views on Wayne Rooney, Vermaelen in midfield and...

© 2013 British Sky Broadcasting Ltd. All Rights Reserved