Man City takes on Premier League over financial fair play
Man United, Liverpool and Arsenal in favour of more regulation as Uefa rules kick in
THE PREMIER LEAGUE could adopt financial fair play rules similar to those being introduced across Europe by Uefa, if Arsenal, Liverpool and Manchester United get their way.
However, a rift is brewing between those clubs in favour of regulations and the current league champions Manchester City, who have been accused of buying the title after the club was taken over by Sheikh Mansour.
The Daily Telegraph says that the idea of introducing FFP rules was discussed at the Premier League's annual general meeting earlier in the summer.
"The idea of tighter financial controls being imposed on clubs was advanced by Liverpool," it reports, but adds that Arsenal, United and smaller clubs including West Ham also backed it.
"But the subject was not unanimously supported. Manchester City... are believed to have cautioned that they would prefer to manage their business as they see fit," says the paper. Fulham, who have received loans from chairman Mohamed Fayed, have also objected in the past.
"The English top flight is the only league in the country not to have its own cost-restraint framework," notes the Telegraph. "Leagues One and Two have both implemented salary capping while the Championship has introduced a financial fair play system for this season based on the Uefa model. Championship clubs flouting Football League rules will be hit with a transfer embargo."
Uefa's new financial fair play rules state that clubs that make a loss of more than E45 over last season and this face being banned from Europe.
Turkish clubs Besiktas and Bursaspor have already been banned from Europe, but another Turkish club has come up with a novel way of ensuring it does not fall foul of the rules. Trabzonspor is building a 28 megawatt hydro-electric power plant in the hills above its Black Sea home of Trabzon, the Financial Times reported earlier this month.
"Once completed, electricity will be sold through Turkey's nascent power market netting the club an expected revenues of around $10m year," it said.