Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

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

Irish FA introduce salary cap

Thu 17th Jun 2010 | Money & Finance

The Irish FA Premiership Management Committee announced yesterday their decision to introduce a salary cap for clubs competing in the Carling Premiership.

From next season clubs will be working with the IFA to identify allowable income from which clubs will be permitted to use a percentage to pay their players salaries.

The measure is in response to the current economic climate and is designed to safeguard the future of the IFA’s top clubs in the medium to long term. The salary cap has been set at 60% of total allowable income generated by each club for season 2011/12, with some variations which are subject to the club’s HMRC position.

Hugh Wade, the new Chairman of the IFA Premiership Management Committee, said: “The clubs have all recognised that this is a vital and responsible decision, which has been taken following several months consultation regarding the principle of the salary cap and the finer details of the implementation guidelines.

"I would like to thank all the clubs for their support and also the IFA staff and panel of experts who have contributed. I trust that this act of self regulation by the clubs will ensure that the Carling Premiership continues to grow in stature in the coming years.”

Patrick Nelson, Chief Executive of the Irish FA, said: “The implementation of this salary cap is a brave and courageous step by the Premiership Management Committee, but an important step that I believe is vital for the long term survival of our local game. This salary cap allows each club to budget appropriately and spend within their means, therefore allowing them a more secure financial footing.

"The Irish FA is intent on ensuring that good financial practices are present within all clubs, and this decision made by the Committee means that yesterday could turn out to have been a very important day for the future of many of our clubs.”

 

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

Don’t forget to subscribe to F.C. Business Magazine to keep up to date with the latest comment from the football world. Click here to subscribe

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...