Im sure you are all waiting for me to make an article about this subject.
I found the best piece to explain it for those who haven't heard about it yet.
Premier League clubs to meet next week to discuss spending controlsLast Updated: September 21, 2012 6:48pm
Proposed spending controls in the Premier League will be discussed at a meeting next week.
The 20 clubs have been split into two groups of 10 on a geographical basis, with the southern group to meet on Monday and the northern group on Wednesday.
The majority of clubs are in favour of some kind of cost control measure - the sticking points are likely to be which measure is adopted and what the sanctions will be for breaking the rules.
Ideas include adopting UEFA's Financial Fair Play system where clubs must break even, or clubs only being allowed to spend a maximum percentage of their annual income on player costs - for example 70%, the system operated by the European elite club grouping G14 a decade ago.
Another proposal is limiting increases in spending on player wages to 10% a year, as suggested bySunderland owner Ellis Short.
Perhaps the option most likely to win universal approval is clubs having to be able to guarantee they can operate for several years in the future rather than just one.
SalariesUnder the guaranteed liability plan, if clubs have players on five-year contracts, as most do, they would have to be able to prove they can guarantee those funds for the length of those contracts.
In the case of Portsmouth, the club twice went into administration when some of their biggest costs included paying the salaries of high-earning players who were under long-term contracts but whom the club could not afford.
The clubs most opposed to cost control measures are Manchester City, Chelsea and Fulham but even they might be inclined to accept a system to guarantee financial liabilities.
The sanctions for breaking the rules are unlikely to be as drastic as UEFA's system which threatens to exclude clubs from European competition if they do not come close to breaking even.
In the Premier League, a transfer ban or fine is much more likely to be agreed to punish transgressions.
The only thing I could say about this is...... HURRY THE F..K UP ALREADY HAVENT THEY SEEN US SUFFER WITH MONEY LONG ENOUGH YET?
Seriously though this can only be a good thing as it would bring the clubs closer together and as i'm sure the FA want to make this league one of the best and most exciting leagues, what better way to start than making sure that all the clubs are on exactly the same level money wise, some clubs might then even have to rely on there academy for players coming through..... I wonder who does that best??? :D, and in doing so will give us better quality english players coming through. I wonder what Man city and Chelsea think about this proposition? :D :D :D let me know what you think in the survey below.
I found the best piece to explain it for those who haven't heard about it yet.
Premier League clubs to meet next week to discuss spending controlsLast Updated: September 21, 2012 6:48pm
Proposed spending controls in the Premier League will be discussed at a meeting next week.
The 20 clubs have been split into two groups of 10 on a geographical basis, with the southern group to meet on Monday and the northern group on Wednesday.
The majority of clubs are in favour of some kind of cost control measure - the sticking points are likely to be which measure is adopted and what the sanctions will be for breaking the rules.
Ideas include adopting UEFA's Financial Fair Play system where clubs must break even, or clubs only being allowed to spend a maximum percentage of their annual income on player costs - for example 70%, the system operated by the European elite club grouping G14 a decade ago.
Another proposal is limiting increases in spending on player wages to 10% a year, as suggested bySunderland owner Ellis Short.
Perhaps the option most likely to win universal approval is clubs having to be able to guarantee they can operate for several years in the future rather than just one.
SalariesUnder the guaranteed liability plan, if clubs have players on five-year contracts, as most do, they would have to be able to prove they can guarantee those funds for the length of those contracts.
In the case of Portsmouth, the club twice went into administration when some of their biggest costs included paying the salaries of high-earning players who were under long-term contracts but whom the club could not afford.
The clubs most opposed to cost control measures are Manchester City, Chelsea and Fulham but even they might be inclined to accept a system to guarantee financial liabilities.
The sanctions for breaking the rules are unlikely to be as drastic as UEFA's system which threatens to exclude clubs from European competition if they do not come close to breaking even.
In the Premier League, a transfer ban or fine is much more likely to be agreed to punish transgressions.
The only thing I could say about this is...... HURRY THE F..K UP ALREADY HAVENT THEY SEEN US SUFFER WITH MONEY LONG ENOUGH YET?
Seriously though this can only be a good thing as it would bring the clubs closer together and as i'm sure the FA want to make this league one of the best and most exciting leagues, what better way to start than making sure that all the clubs are on exactly the same level money wise, some clubs might then even have to rely on there academy for players coming through..... I wonder who does that best??? :D, and in doing so will give us better quality english players coming through. I wonder what Man city and Chelsea think about this proposition? :D :D :D let me know what you think in the survey below.