Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

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




If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Mats Hummels Joins Juan Mata For Common Goal

Thu 17th Aug 2017 | Money & Finance

Bayern Munich and Manchester United stars unite behind Common Goal #CommonGoal World Cup winner and Bayern Munich player Mats Hummels has become the second footballer to join Common Goal , pledging 1%...

Aldershot Town Gets Financial Support From Council

Tue 15th Aug 2017 | Money & Finance

Aldershot Town Football Club has confirmed that Rushmoor Borough Council has agreed to a package of financial support for the club, including rent and rates relief, until 2021. Following on-field...

Chinese debts emphasize need for local players’ association

Thu 27th Jul 2017 | Money & Finance

FIFPro is ready to offer assistance to professional footballers in China and other parts of the world where local player associations do not yet exist. Media reports this week revealed several Chinese...

SPFL: No fresh tax scheme sanctions against Rangers

Wed 26th Jul 2017 | Money & Finance

The SPFL Board today announced, following legal advice from eminent Senior Counsel, Gerry Moynihan Q.C., that there will be no further disciplinary proceedings taken by the SPFL connected with the use...