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Newcastle And Premier League Vote In Spending Controls

8 years ago
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Talks that began earlier in the season have now ended with the Premier league clubs agreeing to introduce financial restrictions which will control what clubs can spend.

An official statement is expected later but Sky are reporting that West Ham’s David Gold came out of the meeting and confirmed that the vote had gone in favour of backing the financial limits on all twenty Premier League clubs. With the fine details to be confirmed and voted on in April.

Gold said;

“The clubs supported change, We have all voted and the proposals were overwhelmingly supported (14 out of 20 votes were needed to carry the proposals). Some clubs are a little bit concerned but the majority were in favour.

That will now go to the board for putting into rules and we’ll vote on that in April”.

It is believed that the plan will revolve around imposing short-term limits on wage rises and also forcing clubs towards breaking even, this of course is all happening to the backdrop of UEFA’s financial fair play restrictions which are now being phased in.

The real driving force of course is to try and put an end to the endless cycle of ever more money coming into football, only to exit to the players in even greater amounts.

Next season it is now forecast that on average clubs could get up to £30m EXTRA from the new broadcasting deals.

Which in reality will mean that while whoever finishes bottom of the Premier League this season is likely to bank around £40m from the TV money, from next season that could rise to £70m for finishing twentieth! With higher amounts as you move up the league.

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