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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."

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ou know who else Adidas has a deal with? United. You know who else seems to have no qualms in paying buttloads of cash for and to players? United. It's just as likely he could go to United as he could go to Chelsea. Which is to say it's not likely in the slightest.

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men to that sister. Provides good cover and keeps things ticking over. Daley Blind, who has been fairly good this season, could do worse than to learn more about that position from Carrick.

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ever mind Flamini; I think its an even bigger weekend for Ramsey to find some semblance of the form that kept us in with a shout last season and had rags and some commentators (this website included) decrying him as one of the world's best midfielders.

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