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Post by Bushman on Dec 18, 2012 15:42:10 GMT
The 20 Premier League chairmen have agreed in principle for clubs to have to break even, despite some opposition at a meeting on Tuesday. However the exact details of the spending controls has yet to be agreed - specifically around how much wealthy owners can put into the club to cover losses, sources close to the process have disclosed. The club chairmen have now asked PL executives to bring back detailed plans on the spending controls for the next meeting on February 6, and on proposals to cap wage rises for players in the short term. It is understood Manchester City, Fulham and Aston Villa remained opposed to any controls but approval by only 14 of the 20 clubs is needed for the moves to go through. www.teamtalk.com/queens-park-rangers/8341423/PL-chairman-agree-spending-controls?
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Post by cpr on Dec 18, 2012 15:57:46 GMT
They agreed diddly squat, no vote was asked for, a waste of time.
Also it's restrictive practise which is illegal, just as Platini's are.
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Post by toboboly on Dec 18, 2012 15:59:19 GMT
if all clubs have to break even their will be significantly fewer clubs competing for the top spots and the cups. However it will help long term to stop clubs disappearing.
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Post by Macmoish on Dec 18, 2012 16:14:00 GMT
BBC Premier League clubs agree new cost controls By Simon Austin BBC Sport Comments (5) The 20 Premier League clubs have agreed, in principle, to introduce radical new cost controls. There are two main proposals on the table - a break even rule and a cap on the amount clubs can increase their wage bills by each season. Club chief executives have now been asked to produce detailed plans for exactly how these proposals will work. These rules would mark a major change for the clubs, which made cumulative losses of £361m in 2010-11. Champions Manchester City, for example, made a £97.9m loss in their latest set of results, which were revealed last Friday. City and Fulham are the only clubs opposed to any spending controls, BBC Sport understands. However, any new Premier League rule requires the approval of only 14 of the 20 clubs in order to be introduced. With the Premier League's new three-year television deals expected to break through the £5bn barrier from 2013, momentum is growing to find a way of preventing the majority of that cash going straight to players and agents. There have now been six meetings of top-flight chairmen where cost controls have been discussed without any concrete decisions being made. The next meeting will be on 6 February. www.bbc.co.uk/sport/0/football/20773526
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Post by londonranger on Dec 18, 2012 16:18:02 GMT
If this is for real and meaningful it will be a huge help for the longevity of our club and also to even up competition.
USA, any team that is in too much debt is taken over by the league and new ownership is found. the debt belongs to owners, not to team.
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obk
Dave Sexton
Posts: 1,516
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Post by obk on Dec 18, 2012 17:28:08 GMT
If this is for real and meaningful it will be a huge help for the longevity of our club and also to even up competition. USA, any team that is in too much debt is taken over by the league and new ownership is found. the debt belongs to owners, not to team. Good practise if they could enforce that the debts are the owners and not the clubs. Would stop a lot of mismanagement.
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