Ewood Park

Next Game

Blackburn v Fulham

Saturday, 31 January 2015, 15:00

Sky Bet Ch'ship

Stadium of Light

Last Game

S'land 0 - 0 Fulham

Saturday, 24 January 2015, 15:00

The FA Cup Fourth Round

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

C

onfirmed. Nick Miller is a douche bag. Lazy, incoherent rant is what this article should be titled. And for the editor to have the temerity to pass this as acceptable writing is shocking. Ah well, anything for clicks right? You got mine. Well done. Your mother must be proud.

poolshortsdown
Gerrard Constantly Searching For That Final Hurrah

T

his Martinez guy is mental. He'll get us relegated. I said that when they appointed him. Sack him now, Bill!

nilsatisnisi
'No need to replace Eto'o'

I

f we sign Gignac, we might as well immediately send him onward to Crystal Palace.

dr soccer
Who Are The Best Summer Freebies?

Footer 365

Premier League: Arsene Wenger convinced new signing Gabriel will be a hit at Arsenal

Arsene Wenger says new signing Gabriel ticks all the boxes when it comes to coping with the demands of English football.

Premier League: Chelsea agree Cuadrado deal and may play him against Manchester City

Sky sources report Chelsea have agreed a deal for Juan Cuadrado and may play him on Saturday against Manchester City.

Chelsea striker Diego Costa will discover later on Friday whether he must serve a suspension for violent conduct

Chelsea striker Diego Costa will discover later today whether he must serve a suspension for violent conduct.

Mail Box

Red Mist Better Than Calculated Costa?

Hmmm. We're not sure about this argument - one Mailbox says Luis Suarez is easier to forgive because he is a little loco. We also have mails on Studge and more...

It's A Massive, Big, Brilliant Mailbox

And we left lots of Suarez/Costa mails unopened. What we do have is a video of some rotten Suarez tackles and views on the future of football, Spurs, Liverpool and...

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