Etihad Stadium

Next Game

Man City v West Brom

Monday, 21 April 2014, 20:00

Barclays Prem

The Hawthorns

Last Game

West Brom 3 - 3 Tottenham

Saturday, 12 April 2014, 15:07

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    Bet with SkyBet  Premier League. Click here to bet.

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."

Bet with SkyBet  Premier League. Click here to bet.

Related News

Sky Bet

    • Retrieving latest Sky Bet odds

Most Commented

Readers' Comments

H

e was right to leave, but not just because of the money City were coming into. If I remember rightly he had a reasonable amount of chances to shine at City, but he never passed the bloody ball. Loads of aimless dribbles and 40 yard shots and not much else. I would say that if he had learnt to be a bit more of a team player he may have done better at City.

bright and edgy
Sturridge: Right to leave City

O

h! And.... has it gone in!?' Well John, it is quite literally your job to tell me, so stop phrasing it as a question.

ajsr1982
Eye On The Experts: John Motson

M

an who resembles bond villain complains about spies ....brillliant

mrjackson
Palace deny spying accusation

Footer 365

World Cup: Peter Shilton backs England keeper Joe Hart

England legend Peter Shilton believes Manchester City's Joe Hart can become one of the world's top goalkeepers.

West Ham's Matt Jarvis thinks he may need to be more clever after Arsenal penalty incident

West Ham's Matt Jarvis says he may have to be "a bit more clever" after staying on his feet despite Bacary Sagna's foul.

Transfer news: Damien Duff already planning for life after Fulham

Damien Duff has confirmed that he will be leaving Fulham this summer and will be going in search of 'something new'.

Mail Box

Fatigue No Excuse For Giroud Being Cr*p

We have a long mail on why Giroud isn't very good at all, plus some more thoughts on neutrality. Plus, who do you want out of you club this summer and Liverpool moving buses...

Will Liverpool Cope With Parked Buses?

That's the real problem they're going to face next year, says one Man United fan who's already looking forward to the end of this campaign. Plus, thoughts on neutrality...

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