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Premier League Clubs Ratify Rules Governing Financial Fair Play

premier league logos 600x318 Premier League Clubs Ratify Rules Governing Financial Fair Play

The Premier League clubs today ratified rules governing financial fair play.

The rules that were ratified included:

1) Losses restricted to maximum of £105m over three-year period

2) Clubs whose total wage bill is more than £52 million will only be allowed to increase their wages by £4 million per season for the next three years (i..e £56 million the following year, and £60 million in 2015-16; only 7 of the current Premier League clubs would be included in that at the moment).

3) Wage bills can be supplemented by income generated separately from matchday and commercial revenue.

4) Losses of more than £5 million a year to be guaranteed against the assets of the club’s owner.

5) Any breach of salary or spending regulations could result in a points deduction in extreme cases.

The Premier League needed a two-thirds majority for the rules to be added to the rulebook. Fourteen clubs voted in favor, five against, while Swansea abstained.

What are your thoughts regarding the financial fair play rules that were ratified today by the Premier League? Share your opinions in the comments section below.

This entry was posted in Leagues: EPL, Premier League. Bookmark the permalink.

About Christopher Harris

Founder and publisher of World Soccer Talk, Christopher Harris is the managing editor of the site. He has been interviewed by The New York Times, The Guardian and several other publications. Plus he has made appearances on NPR, BBC World, CBC, BBC Five Live, talkSPORT and beIN SPORT. Harris, who has lived in Florida since 1984, has supported Swansea City since 1979. He's also an expert on soccer in South Florida, and got engaged during half-time of a MLS game. Harris launched EPL Talk in 2005, which was rebranded as World Soccer Talk in 2013.
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