Premier League quartet call for curbs on owners

Updated: 15 January 2013 07:53 IST

A letter from Arsenal, Tottenham, Manchester United and Liverpool to league chief executive Richard Scudamore calls for full spending controls -- where clubs must break even -- without wealthy owners being allowed to cover clubs' losses.

London:

Four of England's leading clubs have written to officials calling for European governing body UEFA's financial fair play rules to be introduced into the Premier League.

A letter from Arsenal, Tottenham, Manchester United and Liverpool to league chief executive Richard Scudamore calls for full spending controls -- where clubs must break even -- without wealthy owners being allowed to cover clubs' losses.

But Premier League champions Manchester City -- bankrolled by Abu Dhabi based Sheikh Mansour and European kings Chelsea, financed by Russian billionaire Roman Abramovich are understood to be opposing any such spending controls.

When all 20 clubs meet next month they could agree on a compromise which will cover a fixed amount of losses to be covered by owners.

The letter from the four clubs, reproduced in Monday's Daily Mail, said: "Thank you for your continued work on the vital subject of Financial Regulation for the Premier League.

"However, we do not feel that the latest proposals go far enough to curb the inflationary spending which is putting so much pressure on clubs across the entire League.

"We continue to believe that to be successful and have the best chance of gaining at least the 14 votes necessary, any proposals for Financial Regulation must include meaningful measures to restrict the owner funding of operating losses."

Topics : Football Manchester United Manchester City Tottenham Hotspur Newcastle United Chelsea Arsenal Liverpool Wayne Rooney Njazi Kuqi Mark Hughes Alex Ferguson English Premier League
Related Articles
FIFA U-17 World Cup: German Team Visits Iconic Victoria Memorial In Kolkata
FIFA U-17 World Cup: German Team Visits Iconic Victoria Memorial In Kolkata
FIFA U-17 World Cup: Rhian Brewster Scores Hat-Trick As England Enter Semis
FIFA U-17 World Cup: Rhian Brewster Scores Hat-Trick As England Enter Semis
FIFA U-17 World Cup: It Can Be Life-Changing Experience For India, Says Brazil Coach
FIFA U-17 World Cup: It Can Be Life-Changing Experience For India, Says Brazil Coach
Show Comments
Advertisement