DW Stadium

Next Game

Wigan v Ipswich

Monday, 22 September 2014, 19:45

Sky Bet Ch'ship

Last Game

Huddersfld 0 - 0 Wigan

Tuesday, 16 September 2014, 19:45

Sky Bet Ch'ship

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

C

an we get one on the similarities between this year's Arsenal and 5 years ago. Or any other number you care to pick frankly...it shouldn't be hard.

mc1728
Liverpool: Five Similiarities Five Years On

R

icky van Wolfswinkel's remarkable record of one goal from one game at least deserves an honourable mention. And I'm willing to bet that at least one of Costa, Ulloa or Enner Valencia will earn a place on the list by the end of the season. Probably not Costa

stevenjameshyde
Top Ten PL Strikers Who Started Like A Train...

I

will also give up birthday Christmas and bacon for this to happen

badwolf
Ronaldo return ‘in place’

Footer 365

Premier League: Newcastle winger Jonas Gutierrez battling testicular cancer

Newcastle United winger Jonas Gutierrez has revealed he has been receiving treatment for testicular cancer.

Champions League: Arsenal boss Arsene Wenger admits Dortmund deserved victory

Arsenal boss Arsene Wenger admits his side were 'average' following their 2-0 defeat to Borussia Dortmund.

Champions League: Liverpool boss Brendan Rodgers praises side after Ludogorets win

Liverpool boss Brendan Rodgers praised his side's character as they battled to a late 2-1 win over Ludogorets.

Mail Box

Who's More Miserable - Baggies Or Mags?

There's not a lot to choose between the misery of West Brom fans and the misery of Newcastle fans. We have mails on them, 'only QPR' and lots on Man United...

Forget it, Ronaldo Won't Come Back

A varied morning mailbox, with thoughts on Ronaldo, Daley Blind = Michael Carrick, Ed Woodward redemption, stick with Pardew, QPR's name change and marbles...

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