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Thread: Financial Fair Play for Premier League

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    Financial Fair Play for Premier League

    Manchester United want to limit Manchester City spending | Mail Online

    Manchester United are behind plans for tighter financial controls on Barclays Premier League clubs that would limit the spending power of rivals such as Manchester City.

    United’s proposals received widespread support when they were put forward in June, and a range of measures will be up for discussion at a meeting on Thursday.

    Wigan chairman Dave Whelan supports the idea, even though he suspects it might be partly motivated by the increased threat posed by City.

    ‘This proposal has come from Manchester United — I think City haven shaken them up a little bit — but I think there should be some controls on spending,’ said Whelan. ‘Some clubs are spending way more than they can afford and getting into trouble — just look at Portsmouth. ‘Something has to be done so we will support these measures.'

    The proposals, similar to UEFA’s financial fair play rules, could lead to clubs being forced to break even every year or face sanctions.
    While that might suit the likes of United and Arsenal, it would be bad news for City, whose losses of 197million in 2010-11 were the biggest in football history. United’s other big rivals, Chelsea and Liverpool, posted losses of 68m and 49m respectively.

    However, United chief executive David Gill believes many clubs are in favour of the new measures. Speaking last week, Gill said: ‘A lot of clubs would be happy just to introduce the financial fair play regulations into the Premier League now, some wouldn’t. ‘We’ve got financial regulations in the Championship and the Champions League, so we need to do it.’

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    West Ham co-owner David Gold: Premier League clubs have voted overwhelmingly to adopt spending controls, including a wage increase cap.

    Financial fair play draws closer as Premier League chairmen vote in favour | Manchester United Fixtures, News, Transfers | Sky Sports Football

    Premier League clubs have voted "overwhelmingly" in favour of introducing financial restrictions, according to West Ham joint-chairman David Gold.

    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."

    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.

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