Top clubs write to league seeking financial fair play

 

Four of the leading top-flight clubs have put into writing their demand for Uefa’s full financial fair play rules to be brought in to the Premier League.

A letter from Arsenal, Tottenham, Manchester United and Liverpool to league chief executive Richard Scudamore calls for full spending controls – where clubs must break even – without wealthy owners being allowed to cover clubs’ losses.

Manchester City and Chelsea are opposing any spending controls being brought in but it is likely the 20 clubs will agree on a compromise at their meeting next month, which will allow a fixed amount of losses to be covered by owners.

The letter from the four clubs states: “Thank you for your continued work on the vital subject of Financial Regulation for the Premier League. However, we do not feel that the latest proposals go far enough to curb the inflationary spending which is putting so much pressure on clubs across the entire League.”

West Brom and Fulham also oppose any spending controls, while the remaining 12 favour some form of compromise solution.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
GO BACK
Error Image
The account details entered are not currently associated with an Irish Times subscription. Please subscribe to sign in to comment.
Comment Sign In

Forgot password?
The Irish Times Logo
Thank you
You should receive instructions for resetting your password. When you have reset your password, you can Sign In.
The Irish Times Logo
Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.
Screen Name Selection

Hello

Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.

The Irish Times Logo
Commenting on The Irish Times has changed. To comment you must now be an Irish Times subscriber.
SUBSCRIBE
Forgot Password
Please enter your email address so we can send you a link to reset your password.

Sign In

Your Comments
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Standards. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or by filling out this form. New comments are only accepted for 3 days from the date of publication.