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Premier League clubs discuss salary cap - reports

Fri 7th Sep 2012 | Money & Finance

The Premier League are reportedly considering a salary cap or domestic form of FFP legislation to control spiralling losses in the game.

The Guardian claims that chief executive Richard Scudamore has presented several options to clubs ahead of TV income increasing again from 2013, with fears that more money will simply mean higher wages.

Player salaries now add up to 70% of Premier League clubs' turnover, with only eight of 20 clubs making a profit in 2010/11 despite increased income.

There is some support for a salary cap or a form of UEFA's financial fair play rules - with both Arsenal and Manchester United said to be strong advocates, along with Wigan, West Ham and Stoke.

But there is strong opposition - and not just from bankrolled clubs like Chelsea and Manchester City - with Fulham, Everton, West Bromwich Albion, Newcastle and Tottenham Hotspur said by The Guardian to be in favour of self-regulation.

There needs to be an agreement from 14 of the Premier League's 20 clubs to push through any rule changes.

"I hope this view is widely shared: we cannot have all the new money going in inflated wages and payments to agents," said Stoke owner Peter Coates.

"There is no need to do that; we will have the same players, they won't get better because we pay them more. It should not be beyond us to find a formula which works for us all."

Clubs will meet at the end of September to discuss the issue after several weeks of consultation in smaller groups.

Posted by: Kev Howland




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