The Football League has substantially diluted its financial fair play regulations. According to some estimates, clubs will now be able to make losses of £15m-£17m a year, compared with a previously agreed figure of £5m, plus £3m in the form of equity.
The Football League has substantially diluted its financial fair play regulations. According to some estimates, clubs will now be able to make losses of £15m-£17m a year, compared with a previously agreed figure of £5m, plus £3m in the form of equity.
Former Premier League clubs carrying substantial debts, those with wealthy owners or hoping to attract new buyers were the strongest supporters of the changes. There have also been suggestions that the Premier League threatened to withdraw its solidarity payment if the changes weren’t voted through.
In any event Brighton and Hove Albion changed its vote at the last minute to provide the required 75 per cent majority.