It looks as if the Premier League will be able to agreed a watered down domestic financial fair play deal at its meeting today after Chelsea moderated its position. The key consideration for Chelsea was alllowing owners some scope to cover losses and it looks as if a figure of £105m over three years or £35m a year will be agreed.
Hard line opponents Aston Villa, Fulham, Manchester City and West Bromwich Albion will still vote against the deal but it should be possible to secure the required 14 votes to allow changes to occur.
It looks as if the Premier League will be able to agreed a watered down domestic financial fair play deal at its meeting today after Chelsea moderated its position. The key consideration for Chelsea was alllowing owners some scope to cover losses and it looks as if a figure of £105m over three years or £35m a year will be agreed.
Hard line opponents Aston Villa, Fulham, Manchester City and West Bromwich Albion will still vote against the deal but it should be possible to secure the required 14 votes to allow changes to occur.
There will be a salary cap, but it has also been modified. It will not apply to clubs whose wage bill does not exceed £52m a year or £1m a week to give promoted clubs a chance to build up their squads. Clubs would also be able to use all their sponsorship income to subsidise player wages, a big boost for Manchester United as this would cover over two-thirds of their wage bill.