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 Sport Stories

Yesterday, 21:49
Leyton Orient's Josh Wright challenges Coventry's Dominic Samuel at the Ricoh Arena (pic: Nick Potts/EMPICS)

Sky Bet League One: Coventry City 0 Leyton Orient 1

Josh Wright
Yesterday, 17:30
Tony Cottee

Our West Han columnist wants to see more English players coming through

Winston Reid
Yesterday, 17:15
You need to get your applications in to attend the Essex 'Football Futures Camp' coming up (pic: Essex FA).

Latest from Essex County FA

University of East London
Yesterday, 17:08
File photo dated 13-01-2015 of West Ham United goalkeeper Adrian celebrates scoring the winning penalty during the shootout during the FA Cup Third Round replay match at Upton Park, London.

The battle for the Hammer of the Year looks like the most wide open in years

Diafra Sakho

Most read sport

Competitions

Vroom! You could be emmersed in the action at the MCE Insurance British Superbike Championship.

The MCE Insurance British Superbike Championship fires into Brands Hatch on 17/18/19 April for one of the most anticipated seasons in recent years as 39 riders are set for two fierce contests on the 1.2 mile Indy circuit.

Read more
Munch on a tasy three course dinner at The Refinery!

“Where to go for a drink near Great Portland Street?” was previously met with blank expressions and shrugs for those local to the area, not anymore, thanks to the opening of The Refinery at Regent’s Place, the eighth bar and restaurant from hugely-successful group Drake & Morgan.

Read more

Digital Edition

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


Our trusted business finder