Search

Chairmen split over finance control with Arsenal & Man Utd for with Fulham against as West Ham and Swansea chiefs speak out

20:47 15 November 2012

Archant

Premier League chairmen are split over how to introduce cost controls to England’s top flight despite broad support for some measures.

Although a majority of the 20 clubs who attended a shareholders’ meeting today are supportive of bringing in financial controls, major differences of opinion remain over what form these should take.

The meeting at the Premier League’s headquarters ended with no decision taken, and league’s executives will now try to draw up some detailed proposals on a range of options ahead of a meeting in February.

Any decision is likely to come into force from the start of next season.

Some clubs such as Arsenal and Manchester United want clubs to be obliged to break even every year, while it is understood others argued at today’s meeting that owners should be allowed to put in their own money to subsidise spending. There was also disagreement over the level of owner investment that should be permitted.

Other clubs, including Fulham, believe there should be no restrictions at all while yet another group including Sunderland want the controls to only be short-term restrictions on player wage increases.

There have now been five meetings of top-flight chairmen where cost controls have been discussed without any concrete decisions being made.

West Ham co-owner David Gold said: “There have been no decisions made. The debate carries on. I am hoping that we can come to some conclusions for the best interest of the football clubs and the league as whole, hopefully before the start of next season.”

Swansea chairman Huw Jenkins said he was hopeful an agreement could be reached.

He said: “I think we will get a consensus on this. Over the next few months we should get something in place, most likely before the start of next season.

“The main issue is that in the present economic climate, we as a league, portray the right image and make sure that everyone involved in football is looking after the supporters and making sure everything is kept under control and is run in the right manner.”

Jenkins added: “We are looking at the financial fair play rules and introducing that throughout the Premier League for the good of everyone in the Premier League and for the good of the game.

“I see it generally as a good discussion about making sure the Premier League retains its position as the number one league in the world and that we keep portraying the right image.

“It’s great that we have got everyone on board all fighting for the same cause. It should work well for everyone connected in football.”

Related articles

0 comments

Latest Sport Stories

17:31
Upminster's former overseas star Lorne Sprigg (left) with Essex's Ronnie Irani at his 2003 benefit match (pic courtesy of Upminster CC)

Nick Ison’s latest blog from Upminster CC

Drey Wright of Colchester United tangles with Sean Clohessy of Leyton Orient (pic: Gavin Ellis/TGSPHOTO)

Defender discusses promotion aim, sticking together and good team morale under Ian Hendon

Sean Clohessy
16:15
David Masters in batting action for Essex at Upminster during his 2013 benefit match (pic: Gavin Ellis/TGSPHOTO)

Essex continue One-Day Cup campaign with trip to Wales

Ravi Bopara

Most read sport

Competitions

Get your hands on some fresh trainers!

Need some new shoes to head to work or some new heels for a night on the cobbles? London24 has teamed up with online retailer Sole Trader to offer £100 worth of shoes to one lucky reader.

Read more
Take in the stunning sites of London from the summit of the O2!

Up at The O2 has teamed up with London24 to give one lucky reader the chance to experience urban mountaineering this summer with an exhilarating 90-minute climb across the roof of one of London’s most iconic landmarks.

Read more

Digital Edition

Image
Read the Newham Recorder e-edition today E-edition
Family Notices 24


Our trusted business finder