Premier League clubs vote in favour of spending restrictions, salary cap

Premier League votes in favour of spending restrictions
© PA Photos
A majority of English football's top teams agree in principle to financial reforms.

The Premier League could soon impose new financial regulations to limit top-flight clubs' spending and introduce a salary cap.

Each club would have to limit their losses to £105m over the next three seasons and trim their wage bills from the next campaign onwards.

Expenditure on youth academies and stadium improvements would be exempt.

Clubs that refuse to meet the guidelines could face sanctions, which may even include points deductions from 2016.

The new measures are intended to mirror UEFA's Financial Fair Play regulations, which allow losses of only £38m for clubs playing in European competitions.

All 20 top-flight clubs were asked to vote on the proposals, with 13 voting in favour, six against, and Reading abstaining.

Premier League chief executive Richard Scudamore said in a statement: "The clubs have voted in principle for new financial regulations that will further benefit the sustainable running of their businesses, while allowing secure owner investment, as well as enhance the reputation of the Premier League as an organisation that takes its responsibilities in the governance arena seriously.

"I would like to thank the clubs for the time, effort and thought that they have applied throughout this process and the attention they have applied to helping secure the continued success and health of Premier League football both on and off the pitch."

The financial reforms will be introduced next season should they be approved at a full Premier League board meeting in April.

Richard Scudamore
Read Next:
Premier League announce U21 competition
>
You May Like
Recomended from Sports Mole

Loading ...

Failed to load data.

Tables
TeamPWDLFAGDPTS
1Manchester CityMan City23202167175062
2Manchester UnitedMan Utd23155348163250
3Liverpool23138254282647
4Chelsea23145441162547
5Tottenham HotspurSpurs23135546212544
6Arsenal23116641301139
7Burnley239771920-134
8Leicester CityLeicester238783432231
9Everton2376102538-1327
10Watford2375113342-926
11West Ham UnitedWest Ham2367102941-1225
12Crystal Palace2367102133-1225
13Bournemouth2366112435-1124
14Huddersfield TownHuddersfield2366111939-2024
15Newcastle UnitedNewcastle2365122131-1023
16Brighton & Hove AlbionBrighton2358101729-1223
17Southampton2349102334-1121
18Stoke CityStoke2355132350-2720
19West Bromwich AlbionWest Brom23310101830-1219
20Swansea CitySwansea2345141435-2117
Login, I already have my ad-free pass
Log in with Facebook to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account