Premier League clubs vote in favour of new financial fair play model at crunch meeting Top-flight clubs also approved a salary cap as the league supported far-reaching spending reforms that limits clubs' losses to £105million over a three-year period Premier League clubs have voted in favour of introducing a domestic financial fair play model from next season. The breakaway group of Arsenal, Liverpool, Manchester United and Tottenham failed to push through a strict 'break-even' rule at a showdown meeting in London on Thursday afternoon but club bosses agreed to a compromise system that limits a club's losses to £105million over a three-year period. The top-flight clubs also approved a cap on wage increases as the Premier League imposed the first spending controls by a first major European league. It was agreed that player salary bills can rise only by set amounts each season from 2013/14 to 2015/16. In the first of a three-year cycle, wage bills can rise by £4million, in the second year by £8m, and by £12m in the third. The cost control measures apply only to clubs with wage bills in excess of £52m in 2013/14, £56m in 2014/15 and £60m in 2015/16. It is not yet known which clubs supported the new measures but 14 of the 20 votes were required to push through the reforms at the shareholders' meeting. At the last full shareholders' meeting in November, Arsenal, Chelsea, Everton, Liverpool, Manchester United, Newcastle United, Norwich City, QPR, Reading, Southampton, Stoke City, Sunderland, Swansea City, Tottenham, West Ham and Wigan had all indicated that they were in favour of stricter financial regulation. This came after four breakaway clubs â Arsenal, Liverpool, Manchester United and Tottenham â attempted a coup in a bid to push through a strict break-even rule. The four clubs most likely to oppose the introduction of cost-control measures at the meeting in a London hotel were expected to be Aston Villa, Fulham, Manchester City and West Brom. Insiders say that the Premier League FFP system will be a more "sophisticated" version of Uefa's, which comes into force next season and limits owners to covering losses £38.9 million losses over the first three years. http://www.bbc.co.uk/sport/0/football/21374699 http://www.goal.com/en-gb/news/2896...ue-clubs-vote-in-favour-of-new-financial-fair
This will be interesting to see if a few clubs stick to it (which we will not name) ££££ and Chavski
The club this will effect the most is QPR IMO. City and Chelsea will mostly likely reduce their wage bill as they get rid of the original cast of their respective projects. They'll be able to offer and maintain CL football and won't have too much trouble attracting decent players. QPR on the other hand can't throw money at people and get good players to play for the money.
tbh even with CL, city and Chelsea will struggle to be real title challengers in the future, because of their stadium capacity and their marketing level which will put them way behind UTD and possibly even Arsenal..... chelsea already skinned and not challenging for the title since some years now, City will have the same destiny soon... beside, let us see if City will stay in CL in next season, as UEFA already give them an offical warning last week .. now let us see how tough UEFA will be with City .. it will be big test for FFP how they will handle City and PSG to be fair, chelsea are already skinned enough , so it already effected you and you are trying your best to comply with FFP
you are not broke .. but you are not spending money like before .. 6-7 years ago , you would not gone for BA just bcz he was a cheaper option and rather gone to Falcao instead .. you can't even keep your best old players and giving them the P45 instead
but that will be same for all other clubs ... and that is the point.. you will never have that old advantage anymore like 6-7 years ago .. you will be forced to live by your means .. beside more TV money, mean more players demanding high wages and price players goes up as more clubs can afford them now
The premier league have said that clubs will get points deducted if they don't work within the rules.
