New PL financial controls | Clubs agree squad spending cap 'in principle'

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law74

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Just seen a piece on SSN about proposals to replace the latest "financial controls" in the Premier League...I'm sure someone can describe it better than me, but it seems to be that clubs can only spend up to 85% of revenue on players, agents, transfer fees etc......but capped to 5 times what the lowest earning club received the previous season from broadcasting revenue....
Could be interesting to see if it is voted through
 
law74 said:
Just seen a piece on SSN about proposals to replace the latest "financial controls" in the Premier League...I'm sure someone can describe it better than me, but it seems to be that clubs can only spend up to 85% of revenue on players, agents, transfer fees etc......but capped to 5 times what the lowest earning club received the previous season from broadcasting revenue....
Could be interesting to see if it is voted through
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Obviously Newcastle in their sights. We're too far ahead for this to hurt.
 
blueinsa said:
This.

Clubs will digest, one will say hang on, this hurts us, they will come up with something else….

Just fuck off!
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I have to say that this was my first thought as well, however with owners of clubs like the US Hedge Funds and the Glazers, they could see the benefit of still being allowed to spend much more than others, but still have massive profits they are not "allowed" to spend on players
 
law74 said:
Just seen a piece on SSN about proposals to replace the latest "financial controls" in the Premier League...I'm sure someone can describe it better than me, but it seems to be that clubs can only spend up to 85% of revenue on players, agents, transfer fees etc......but capped to 5 times what the lowest earning club received the previous season from broadcasting revenue....
Could be interesting to see if it is voted through
Click to expand...
Interesting that they chose 85% instead of UEFA's 70% limit. Wonder which PL team would be over 70%?
 
It should be all about debt and making clubs reduce their debts within 3 to 5 years or face punishments like points deductions, For the first 3 seasons you can not spend more than you what you pay in clearing the amount of debt.
So if you are £100million in debt and your season revenue is still showing losses then you will be put under a financial management team and a spending cap.

You will soon see the big clubs taking care of their club and not selling it down the river, The top clubs in big debt' clearly don't care for the future of their clubs and fans, One day it will catch up with them and their house will fall because the paper walls will crumble
 
ok, so this new rule only affects us and the rags so I'm expecting it to be voted in.
probably means a budget of £150m maybe less on transfers
 
BerkshireBlue said:
ok, so this new rule only affects us and the rags so I'm expecting it to be voted in.
probably means a budget of £150m maybe less on transfers
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So it's not going to be net spend? So you can sell 200m worth of players but still only spend a certain amount?
 
waspish said:
So it's not going to be net spend? So you can sell 200m worth of players but still only spend a certain amount?
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Yeah, I think that’s the bit that’s odd. 85% of revenue…but limited to 5x tv cash of the least paid club….kinda makes the latter the governing principle…
 
What a load of bollocks. What about a ‘draft system’ where the lowest placed ‘big X side’ (X for however low the rags finish) get first pick of the best prospects.

The Super League is looking more and more inevitable.
 
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