Wolves owner Steve Morgan proposes wage cap

Wolves owner proposes wage cap
© PA Photos
Wolves chairman Steve Morgan believes that a wage cap should be introduced to prevent teams from falling into financial difficulties.

Wolverhampton Wanderers owner Steve Morgan has said that a wage cap should be introduced to football to avoid teams from falling into financial difficulties.

While several Premier League clubs enjoy the resources of billionaire owners, Wolves are among only a handful of those running a profitable business. Morgan insists that 50% cap on wages would help to keep clubs out of trouble.

"If there was a wage cap of 50% of turnover, it would be good for other people who were perhaps finding it more difficult to stick to the limits," Morgan told the Express and Star.

"Wages are the biggest single cost to football and there are clubs in the Premier League even aside from Manchester City, such as mid-ranking or lower mid-ranking clubs that run into 60, 70 and 80% of their turnover. That isn't sustainable.

"What are these clubs thinking of? If clubs want to avoid getting into serious financial trouble they must get wages under control."

The Molineux chairman, whose team posted a £9m profit a year ago, has urged teams to follow suit.

You May Like
Recomended from Sports Mole

1Wolverhampton WanderersWolves1282221111026
2Cardiff CityCardiff127321710724
3Sheffield UnitedSheff Utd128041610624
4Bristol City125612011921
5Preston North EndPreston12561158721
6Leeds UnitedLeeds126241812620
7Aston Villa125431712519
8Norwich CityNorwich125431214-219
10Ipswich TownIpswich116052017318
12Sheffield WednesdaySheff Weds124441614216
13Derby CountyDerby114431513216
14Nottingham ForestNott'm Forest125071521-615
15Queens Park RangersQPR123541516-114
16Hull City123452320313
21Birmingham CityBirmingham12327819-1111
22Burton Albion12246623-1710
24Bolton WanderersBolton12129623-175