Anfield

Next Game

Liverpool v Stoke

Saturday, 29 November 2014, 15:00

Barclays Prem

Britannia Stadium

Last Game

Stoke 1 - 2 Burnley

Saturday, 22 November 2014, 15:00

Barclays Prem

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

M

eanwhile, England's best U21 players playing with those most likely to be in the senior team from 2020 onwards might increase their chances in those tournaments to a point where they could actually be potential winners. Unlike 2016.

shagwa
Wenger warns Hodgson

I

m not a doctor, but the cause is likely to be crap dancing after scoring. My prognosis is we may need to take that leg off.

GVMUFC
Rodgers reveals Sturridge woe

F

or the time being we just have to focus on the players we do have, Rodgers said. We have to make the best of what is available. Jesus wept!

rodger's gusset
Rodgers reveals Sturridge woe

Footer 365

Premier League: Tottenham's Christian Eriksen secures dramatic win at Hull

Christian Eriksen snatched a late winner as Tottenham fought back to claim a 2-1 victory over 10-man Hull.

Premier League: Crystal Palace come from behind to stun Liverpool

Liverpool endured another forgettable afternoon at Selhurst Park on Sunday as they were beaten 3-1 by Crystal Palace.

Premier League: Tottenham's Mauricio Pochettino disagreed with Hull boss Steve Bruce on red card

Tottenham manager Mauricio Pochettino disagreed with Hull boss Steve Bruce's opinion on Gaston Ramirez's red card.

Mail Box

Oh Arsenal. Why Oh Why Oh Effing Why?

We have plenty of fallout from Arsenal's latest display of outrageous incompetence, plus the question of why every team seems to be getting worse. Plus, another Garcia ghost goal...

A Funny Mail About Line Dancing & More

We have some great responses to young Jack's question about how readers first got into football. Plus, finally some intelligent thoughts on Dave Whelan's outburst...

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