Premier League clubs agree to curb spending

Premier League clubs have voted in principle to curb spending, but they still cannot agree on what form of financial regulation to apply.   There will be a further discussion on February 6th.

The decision in favour of the principle is a setback for the strongest opponents: Aston Villa, Fulham and Manchester City, all of them benefactor clubs.  West Bromwich Albion have also aligned themselves with this group.

Premier League clubs have voted in principle to curb spending, but they still cannot agree on what form of financial regulation to apply.   There will be a further discussion on February 6th.

The decision in favour of the principle is a setback for the strongest opponents: Aston Villa, Fulham and Manchester City, all of them benefactor clubs.  West Bromwich Albion have also aligned themselves with this group.

None of the individual schemes on the table could achieve a two-thirds majority yesterday.   It is therefore likely that any scheme adopted in February will be a relatively limited one.