Clubs want financial regulations

Clubs want financial regulations

PA Sport
Published 14/01/2013 10:57 by PA Sport, read by 996 people.

Four of the leading top-flight clubs have put into writing their demand for UEFA's full financial fair play rules to be brought in to 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.

Manchester City and Chelsea are opposing any spending controls being brought in but it is likely the 20 clubs will agree on a compromise at their meeting next month, which will allow a fixed amount of losses to be covered by owners.

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