Man United to push for controls

  • Last Updated: November 14 2012, 19:11 GMT

Manchester United will step up their campaign for greater financial controls in the Premier League on Thursday.

Manchester United: Pushing for greater financial controls

United are one of the prime movers in an effort to extend spending controls, similar to UEFA's financial fair play regulations, throughout England's top flight.

Thursday's meeting of the 20 club chairmen will flesh out the details of the proposals.

One possible measure would see clubs being obliged to break even, but to give greater flexibility for wealthy owners to put money - not loans - into clubs than is allowed under UEFA's rules.

The clubs will also consider some sort of wage control measure, not a salary cap but a way in which to try to ensure the riches which will arrive next season courtesy of the new £3billion TV deal will not immediately be swallowed up in player salary increases.

In a conference call on Wednesday to outline United's first-quarter financial performance, club executive vice-chairman Ed Woodward said the rules would prevent clubs making huge annual losses.

"It is not trying to restrict teams from competing for players," Woodward said. "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."

Chelsea returned a small profit last week, the first time in the Abramovich era they had not made a considerable loss, but United's other major rival, Manchester City, could suffer from cost-control measures as they have had huge losses in recent years.

Woodward added: "We are supportive of proposals broadly mirroring financial fair play which we abide by already.

"Those discussions have developed. There is a meeting this week with the Premier League to continue dialogue around that.

"A number of different parameters are being discussed, one of which is break even."


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