Financial controls to kick in

Financial controls will be brought in to Premier League clubs from next season after the opposition fizzled out.

Last Updated: 11/04/13 at 19:29 Post Comment

Spending controls will come into force next season

Spending controls will come into force next season

Financial controls will be brought in to Premier League clubs from next season after opposition to the spending restraints fizzled out.

The controls agreed in February were ratified on Thursday and will see increases in players' wage bills limited and clubs only allowed to make maximum losses of £105million over three years.

One concession was agreed however, meaning that any profits from player sales will not be part of the spending restrictions on players' wages.

Former Arsenal vice-chairman David Dein has warned however that the league would need to be "vigilant" to ensure clubs were not getting around the rules.

In February, the 20 club chairmen agreed by the narrowest majority to bring in the two main controls with 13 in favour, six against and one abstaining.

The vote on Thursday, written down rather than a show of hands, was more decisive with 14 clubs in favour, five against and one abstention.

The salary restraints state that clubs with a total wage bill of more than £52million will only be allowed to increase their wages by £4million per season for the next three years, though that cap does not cover extra money coming in from increases in commercial or matchday income - and now nor profit from player sales.

Any club breaching the rules will face tough sanctions - and Premier League chief executive Richard Scudamore has said they would be pushing for points deductions.

Of the 20 clubs in the top flight, Manchester City, Chelsea, Aston Villa and Liverpool have reported losses of more than £105million over the last three years, according to the most up-to-date published accounts.

Dein welcomed the agreement but warned: "In my experience clubs will do what they want to do. There's going to have to be a lot of vigilance to make sure people don't try to get around it.

"This should lead to more stability and there should also still be the dream factor with clubs being able to come up through the lower divisions to the Premier League and win the league or the FA Cup."

Two clubs changed their position from February including Swansea, who initially opposed the regulations but who abstained on Thursday.

Reading abstained in February but voted in favour at today's meeting.

The five clubs who voted against were Manchester City, Fulham, West Brom, Aston Villa and Southampton.

FA chairman David Bernstein welcomed 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.''


Click here for completely free £10 bet with Sky Bet


Related News

Most Commented

Readers' Comments

S

hould have stayed because we carried him for 6.5 years. And then he has a breakthrough season, and was gone soon after. MU fans, you would be as disgusted had C Ronaldo left in 2007 and not 2009.

godof86
Is Van Persie Slipping Sadly Into The Night?

G

ood grief. Someone guessed that the form English player at the moment might be in his national side with some other players? And that's espionage? Now if they discovered that Emile Heskey was going to be in the starting line up.... at right back.... THAT would be espionage. Give it a rest Roy.

RogerRedHat
Hodgson hits out at Kane leak

H

e may get away with if Liverpool can swap the video with one of Skrtel dancing or something, but if they review the one shown on TV he's screwed.

hump3.
Skrtel denies violent conduct

Footer 365

European Qualifiers round-up: Holland and Italy held to draws

Klaas-Jan Huntelaar's late header rescued a point for Holland against Turkey in European Qualifying, while Eder spared Italy's blushes in Bulgaria.

Israel 0-3 Wales: Gareth Bale's double sends Wales top of Group B

Gareth Bale scored two and set up another as Wales moved to the top of Group B with a 3-0 win over 10-man Israel in Haifa.

Raheem Sterling expects to be fit for Liverpool trip to Arsenal

Raheem Sterling expects to be fit for Liverpool's trip to Arsenal, despite pulling out of England's Turin date.

Mail Box

Where's The Love For Walcott?

Theo Walcott is wanted by neither Arsenal or Liverpool fans in the afternoon Mailbox. Also, some good points on the FA skewed priorities, and glorious geekery...

Ripe Robin Still Has A Role To Play...

There is some support for the aging Robin van Perise in a frankly threadbare Mailbox. Also, more debate over homegrown players, with a suggestion of an import tax...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company