Stadium of Light

Next Game

S'land v Chelsea

Saturday, 29 November 2014, 17:30

Barclays Prem

The King Power Stadium

Last Game

Leicester 0 - 0 S'land

Saturday, 22 November 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

sn'tthis strange. Last season we were worried that we were stuck with a Dinosaur in Moyes while Liverpool and Everton were disappearing into the distance with their young, spritely managerts, playing football from heaven. Progressive managers, they said. Managers who understand the modern game.........

HarryBoulton
Rodgers: The pressure's on

B

eing consistently and unrelentingly dog turd really takes it out of you. Try shadow boxing. That's what it's like watching Liverpool, punching thin air.

sinbadsdad
Neville: Reds need a rest

G

ood list, some crackers in there. For me, I'd have had Steve McManaman for Liverpool away at Celtic in the UEFA cup in 1997. I was in the ground that night and everyone kept screaming at him to make a pass, but he just kept going and going and going...brilliant, and in the dying minutes too.

uncle-muller
F365's Top Ten Counter-Attacking Goals

Footer 365

Champions League: Lionel Messi breaks goalscoring record as PSG win

Lionel Messi became the Champions League's all-time record scorer as Barcelona thrashed APOEL Nicosia, while PSG won.

Champions League: Mourinho hails Chelsea team performance after Schalke demolition

Jose Mourinho hailed Chelsea's "complete" performance after their 5-0 demolition of Schalke.

Champions League: Aguero treble stuns Bayern

Sergio Aguero's last-gasp heroics earned Manchester City a thrilling 3-2 win over 10-man Bayern Munich at the Etihad.

Mail Box

Counter-Attacks: Making Me Fall In Love Again

There is a good deal of love for counter-attacking goals, plus some sympathy for Arsene Wenger, heaping the praise on Chunky Pardew too early and why Klopp > Rodgers...

There's Excitement In Toon Again...

We have mails on a young, vibrant Newcastle side along with the usual woe from those in the red of Liverpool and Arsenal. We just love having the Premier League back...

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