UK time is: 21:08:29
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

The New Financial Fair Play Rules

The 20 Premier club chairman today agreed to two significant controls yesterday - to limit players' wage bills from next season, and longer-term measures that will restrict the amount of losses clubs can make to 105million over three years. The effect of the financial controls should prevent hugely wealthy owners achieving the almost-overnight success of Chelsea and Manchester City.

A breakaway group of elite clubs are attempting to curb the spending power of Manchester City and Chelsea further. A letter, signed by Manchester United, Liverpool, Tottenham Hotspur and Arsenal and published on Arsenal-headed notepaper, was circulated at a Premier League meeting before Christmas. It asked for tighter controls on Chelsea and Manchester City. The letter was followed up by a 10-minute speech from Manchester United chief executive David Gill, who advocated handing over control of the new regulations directly to UEFA.

Unfortunately, that move would be as good as making UEFA president Michel Platini the head of English club football! The letter, addressed to Richard Scudamore, the Premier League chief executive, called for UEFA's financial fair play controls to be implemented strictly - a step on from the regulations currently under consideration.

Clubs whose total wage bill is more than 52million will only be allowed to increase their wages by 4million per season for the next three years, though that cap does not cover extra money coming in from increases in commercial or matchday income. Scudamore said there would be an 'absolute prohibition' on clubs reporting losses of more than 105million over the next three years with the first sanctions possible in 2016.

Of the 20 clubs in the top flight, only Manchester City, Chelsea and Liverpool have reported losses of more than 105million over the last three years, according to the most up-to-date published accounts. Scudamore said that the measures would mean it will take longer for benefactor owners to achieve success -but that it would still be possible.

He said: 'The balance we have tried to strike is that a new owner can still invest a decent amount of money to improve their club but they are not going to be throwing hundreds and hundreds of millions in a very short period of time. 'While it has worked for a couple of clubs in the last 10 years, and I am not critical of that, if that's going to be done in the future it's going to have to be over a slightly longer term without the huge losses being made.

Deloitte published the Premier League wage bills from the previous season (2010/11). The top five 'employers' were Chelsea (191m), Manchester City (174m), Manchester United (153m), Liverpool (135m) and Arsenal (124m). Spurs (91m) How we have managed to compete on such an uneven playing field deserves credit. We have been a bottom heavy club for some seasons with a whole range of bench warmers who are now being moved on but Levy's prudence won Spurs the Financial Fair Pay Championship Crown of 2010/11.

The FFP rules sound tough and are obviously aimed at Abromovich and City's billionaire owner Sheikh Mansour to curb their spending. However, Sheikh Mansour is planning to emulate Barcelona's endless supply of home-grown players such as Lionel Messi, Xavi and Andres Iniesta through their famed youth academy, by preparing one such academy of their own. City announced their construction partners for the 200 million pound state-of-the-art youth development academy and first-team training headquarters on an 80-acre site adjacent to the Etihad stadium.

The FFP constraints however will be more than balanced off by more television rights money coming in next season to an all time high record of 5bn. Unless Levy and Enic depart from their prudent fiscal policy FFP will not be a factor for us but we all know that rules are there to be broken and whether FFP will actually level the playing field again remains to be seen.

Written by OyVeh Maria




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The journalist

Writer: OyVeh Maria Mail feedback, articles or suggestions

Date:Friday February 8 2013

Time: 8:40AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Spurs Articles

20 Goal Harry Kane! (Sunday February 1 2015)

Showing the Signs of Success! (Sunday February 1 2015)

Departure Lounge! (Friday January 30 2015)

No.10? (Thursday January 29 2015)

"We`re on our Way to Wembley!" (Thursday January 29 2015)

13 Out Of 20 (Wednesday January 28 2015)

Sheffield United vs. Tottenham Hotspur. (Wednesday January 28 2015)

The Likely Leavers? (Tuesday January 27 2015)

Lamela is Ready to Shine! (Monday January 26 2015)

Archived Spurs Articles

List All Vital Spurs Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. Spursex 25
2. 80deg16minW 14
3. Big Chiv 12
4. Thats Entertainment 11
5. Kinygerbils 10
6. Real Deal 9
7. Geofspurs 8
8. oxfordspur 8
9. Pollo 6
10. griddo 5

League Results (view all)

Latest Results
WBA 0 - 3 Spurs
Spurs 2 - 1 Sunderland
Crystal Palace 2 - 1 Spurs
Spurs 5 - 3 Chelsea
Spurs 0 - 0 Man Utd
Leicester City 1 - 2 Spurs

League Table (view table)

Team P W D L GD Pts
3. Man Utd 23 12 7 4 17 43
4. Southampton 23 13 3 7 20 42
5. Arsenal 23 12 6 5 19 42
6. Spurs 23 12 4 7 5 40
7. Liverpool 23 11 5 7 6 38
8. West Ham 23 10 6 7 8 36
9. Swansea 23 9 6 8 -3 33

Breaking League News

Poor Start Cost Us - Pulis
WBA : 01/02/2015 21:01:00
Fonte - We Wasted Too Many Chances
Southampton : 01/02/2015 20:44:00
One Of Those Days For Koeman
Southampton : 01/02/2015 20:39:00
Carver Credits Players After Hull Win
Newcastle : 01/02/2015 20:30:00
Cabella Delighted With Maiden Newcastle Goal
Newcastle : 01/02/2015 20:22:00

Current Site Poll (view all polls)

Spurs MOTM against WBA?
Suggested By:  Vital Spurs
Lloris 32%
Walker 0%
Fazio 1%
Vertonghen 1%
Rose 1%
Paulinho 3%
Mason 1%
Dembele 13%
Eriksen 12%
Lamela 3%
Kane 27%
Chadli 0%
Stamboili 3%
Soldado 3%