Search

Man Utd call for Financial Fair Play expansion to prevent another Portmsmouth situation

18:11 14 November 2012

Archant

Manchester United will step up their campaign for greater financial controls in the Premier League later this week.

United are one of the prime movers in an effort to extend UEFA’s Financial Fair Play regulations throughout England’s top flight.

In a conference call today to outline the Red Devils’ first-quarter financial performance, United executive vice-chairman Ed Woodward revealed the matter was on the agenda of a meeting of Premier League clubs later this week.

He insisted the policy was not being driven by self-interest in terms of limiting the players rival clubs could buy, but the need to ensure vast amounts of money coming into the Premier League are not used for chronic overspending, as was the case at Portsmouth.

“It is not trying to restrict teams from competing for players,” said Woodward.

“The reality is Premier League teams, as a collective group of 20 clubs, are extremely well off compared to other European teams.

“We are trying to impose some parameters about how clubs use the funds they are receiving from the collective so we don’t end up with a lot of clubs making annual and regular losses.”

United’s major rivals, Chelsea and Manchester City, are also bound by UEFA’s Financial Fair Play regulations.

Indeed, it has been suggested the two English clubs who have the richest owners in the Premier League are united with the Red Devils over the need to keep spending within reasonable proportions.

“We are supportive of proposals broadly mirroring Financial Fair Play which we abide by already,” said Woodward.

“Those discussions have developed.

“There is a meeting this week with the Premier League to continue to dialogue around that.

“A number of different parameters are being discussed, one of which is break even.”

Related articles

0 comments

Latest Newham Sports News

Yesterday, 18:16
Ravi Bopara appeals for a wicket (pic: Gavin Ellis/TGSPHOTO)

Northants batsmen on top on first day

Ravi Bopara
Yesterday, 09:04
Lewis Bridger celebrates a race win for Lakeside Hammers (pic: Rob Newell/TGSPHOTO)

Elite League: Lakeside Hammers 66 Leicester Lions 26

Andreas Jonsson
Fri, 18:00
Essex head coach Chris Silverwood (pic: Gavin Ellis/TGSPHOTO)

New-ball duo rested as five new faces come in

Jamie Porter
Fri, 17:11
Calverton pupils played in the KS2 mixed tennis event

Newham youngsters enjoy latest sporting event

Newsletter Sign Up

Most read sport

HOT JOBS

Show Job Lists

Competitions

Win a BMW 1 series

There are fewer cars currently on the market more stylish and exciting than the BMW. Known all over the world as one of the best car manufacturers, the BMW is renowned for sleek designs and fantastic high quality workmanship.

Read more
Kindle 7 inch tablet

Are you looking for a brand new gadget to help you stay connected on the go and make that long journey home a bit more entertaining? Look no further. MyOffers is giving you the chance to win 1 of 50 Kindle Fire 7” Display Tablets! That’s 50 times more chances to win, so hurry up and enter our competition today and you could be one of our lucky winners!

Read more

Digital Edition

cover

Enjoy the
Newham Recorder
e-edition today

Subscribe