Upton Park

Next Game

West Ham v QPR

Sunday, 05 October 2014, 16:15

Barclays Prem

Old Trafford

Last Game

Man Utd 2 - 1 West Ham

Saturday, 27 September 2014, 15:00

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

I

put Ince in my fantasy football team, so it's no surprise at all really. I do that to players. Also responsible for De Jong and Upson being injured. Think I'll transfer in Di Maria just to ruin United....

megabrow (cufc)
F365's Top Ten Surprise Strugglers

L

ovren? £20m always seemed a touch on the expensive side, but I wasn't expecting him to be quite such a waste of money

stevenjameshyde
F365's Top Ten Surprise Strugglers

H

alf of our players have the physical presence of a 14 year old girl. I don't know why people are always shocked that they're injured.

TheWhiz
Wenger baffled by injuries

Footer 365

Sky Bet Championship: Fulham thump Bolton, Huddersfield win at Wolves, Leeds held

Fulham thrashed Bolton 4-0 in the Championship, while Huddersfield won at Molineux to deny Wolves top spot.

Premier League: Sunderland boss Gus Poyet delighted Lee Cattermole stayed at club

Gus Poyet believes keeping Lee Cattermole was the best transfer decision he has made while at Sunderland.

Champions League: Liverpool out of sorts in 1-0 defeat at FC Basel

Liverpool paid the price for a disjointed performance as they fell to a 1-0 defeat to FC Basel in the Champions League.

Mail Box

It Was Better When City Were Rubbish

'I think I preferred it when we were s**t' says one City fan in the afternoon mailbox. There's a decent chat about the empty seats plus views on Liverpool and Roma...

Do City Really Need To Expand Their Stadium?

That's the question posed by one Man United fan in the mailbox after seeing the empty seats at the Etihad last night. Sadly, there isn't a single mail from a City supporter...

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