Four of the top clubs in the Premier League are uniting in a campaign to bring financial fair play to England’s top flight, according to the
Manchester United, Liverpool, Tottenham Hotspur and Arsenal have sent a “written demand” to Premier League chief executive Richard Scudamore to bring the regulations to England. In the letter they have demanded that full spending controls should be enforced on all clubs in the league, taking away the allowance for club owners to cover any losses.
The letter, which has been published in the Daily Mail, reads: “Thank you for your continued work on the vital subject of Financial Regulation for the Premier League.
“However, we do not feel that the latest proposals go far enough to curb the inflationary spending which is putting so much pressure on clubs across the entire League.
“We continue to believe that to be successful and have the best chance of gaining at least the 14 votes necessary, any proposals for Financial Regulation must include meaningful measures to restrict the owner funding of operating losses.”
Manchester City and Chelsea are both against spending proposals, and they are joined in their stance by Fulham and West Bromwich Albion. However, the other 12 clubs in the league are reportedly in favour of a means of compromise, whereby a fixed amount of losses can permissibly be covered by owners.
This compromise proposal is expected to be reached at a meeting on the matter in February.
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