Newsletter

Get your daily update and weekly newsletter by signing up today!

Tyne Talk

NUFC & Premier League Agree Clubs Must Break Even

8 years ago
Share

After numerous meetings the 20 Premier League clubs have finally agreed in principle that clubs will now have to break even.

There was predictably some opposition believed to come from clubs such as Fulham, Aston Villa and Manchester City – the latter having just posted their latest losses of almost £100m.

However, only 14 of the 20 clubs need to approve any measures so when the final proposals are put to the 20 chairmen they are expected to go through.

The club chairmen have handed the job of preparing the detailed plans to Premier League executives and those plans are due to be presented to the clubs at a further meeting on February 6th.

The biggest challenge is believed to revolve around setting limits on how much wealthy owners can put in to cover losses and they are also believed to be putting proposals together to cap wage rises for players.

The vastly increased riches coming from the new broadcasting deals as from next season certainly appear to focussing the minds of the club owners, desperate for the money not all to disappear straight to the players and also hopefully bring a little bit of reality to how clubs are run.

Send in your letters/articles to [email protected]

The Christmas issue of The Mag available now in all Tyneside newsagents, or buy a single copy and subscriptions in our online shop, or get a Gift Subscription

[latest_issue]

Share

If you would like to feature on The Mag, submit your article to [email protected]

Have your say

© 2020 The Mag. All Rights Reserved. Design & Build by Mediaworks