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

18:11 14 November 2012


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


Latest Sport Stories

Yesterday, 16:30
Barking player-manager Glen Golby brings the ball forward at Hullbridge (pic Terry Gilbert)

Blues boss spots room for improvement despite big win at Clapton

Steve Willis
Yesterday, 16:00
Shamrez Darr in action for London APSA, now named Newham, as a player  (pic: Gavin Ellis/TGSPHOTO).

Crucial match at the bottom of the Essex Senior League table takes place this evening

Essex Senior League
Yesterday, 15:00
Leyton Orient defender Jean-Yves M'voto in action on his league debut for the club (pic: Simon O'Connor).

French defender talks about life in east London, thanks O’s supporters and reveals satifaction with point at Plymouth

Jay Simpson
Yesterday, 10:30
Barking's James Peagram (yellow) scored twice against Clapton (pic: Terry Gilbert)

Essex Senior League: Clapton 1 Barking 4

Michael Walther

Most read sport


Section Boys, Big Tipper, Big Narstie, Lady Leshurr, Trapstar, and UFest street team members

We’ve got 10 pairs of tickets to give away to watch some of the country’s best and brightest urban music talent at UFest, London’s official youth festival.

Read more
Tesco - Every little helps

Would you like to have the opportunity to win a huge £2,500 to spend at Tesco? Well with this amazing prize you can do exactly that! MyOffers are giving you the chance to get your hands on £2,500 to spend on anything you desire may it be free weekly groceries for the foreseeable future, a new TV, home decoration or even a new sofa!

Read more
You could get your hands on the new Samsung Galaxy S6 Edge!

Here’s your chance to win one of the most feature-packed smartphones on the planet, from tech giants Samsung, The Samsung S6 Edge!

Read more

Digital Edition

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

Local business directory

Our trusted business finder