Football League clubs agree to Uefa regulations

Football League clubs today voted to adopt Uefa's financial fair play system where teams can only spend what they earn.

Increasing levels of debt and a drop in television income has seen the 72 clubs agree to the system "in principle" at the league's annual meeting in Cyprus.



Football League chairman Greg Clarke said: "This is a very important step forward for professional football as it will help our clubs exert greater control over their finances.



"Much more work needs to be done, but I am hugely encouraged and impressed by the energy and focus of our clubs on this issue.



"They have been the catalyst for change and have shown a real desire to self-regulate in this area. I congratulate them on taking this bold step."







The Championship clubs aim to have the Uefa model taking effect next year in time for the start of the 2012/13 season.



The clubs in all three divisions voted in favour of developing the "rigorous new measures" following a presentation by Andrea Traverso, Uefa's head of club licensing and financial fair play.



League One clubs also agreed to introduce a 'salary cap' from the start of the coming season where teams will only be allowed to spend a fixed proportion of their total turnover on player wages.



The system, called the Salary Cost Management Protocol (SCMP), currently operates in League Two at a 60% threshold, and this will be reduced to 55% next season.







Uefa's financial fair play system for clubs in European competition will come into effect from 2014 and the Football League's announcement means almost all teams in the four divisions will be covered by spending constraints.



Although the Premier League have not adopted the measures, 19 of the 20 top-flight clubs - all apart from Blackpool - applied for a Uefa licence last season and so would have to pass the financial fair play criteria.



The Football League's move reflects concern over income - the their new £195million domestic TV deal is a 26% drop on the previous one.



Debt in Football League clubs now totals £700million and a report this week by analysts Deloitte found that more than one third of clubs are paying out more in wages than they received in revenue.









FA chairman David Bernstein said the Football League's announcement was "encouraging".



Bernstein said: "I welcome the Football League's new cost control measures. The FA supports these regulations and they are a welcome step in the right direction.



"While giving evidence at the Select Committee in March, [FA general secretary] Alex Horne and I called for such measures.



"These new FL regulations are very encouraging, and I would like to congratulate Greg Clarke and all at the Football League for their continued progress in this area."

Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Career Services

Day In a Page

Refugee crisis: David Cameron lowered the flag for the dead king of Saudi Arabia - will he do the same honour for little Aylan Kurdi?

Cameron lowered the flag for the dead king of Saudi Arabia...

But will he do the same honour for little Aylan Kurdi, asks Robert Fisk
Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

Humanity must be at the heart of politics, says Jeremy Corbyn
Joe Biden's 'tease tour': Could the US Vice-President be testing the water for a presidential run?

Joe Biden's 'tease tour'

Could the US Vice-President be testing the water for a presidential run?
Britain's 24-hour culture: With the 'leisured society' a distant dream we're working longer and less regular hours than ever

Britain's 24-hour culture

With the 'leisured society' a distant dream we're working longer and less regular hours than ever
Diplomacy board game: Treachery is the way to win - which makes it just like the real thing

The addictive nature of Diplomacy

Bullying, betrayal, aggression – it may be just a board game, but the family that plays Diplomacy may never look at each other in the same way again
Lady Chatterley's Lover: Racy underwear for fans of DH Lawrence's equally racy tome

Fashion: Ooh, Lady Chatterley!

Take inspiration from DH Lawrence's racy tome with equally racy underwear
8 best children's clocks

Tick-tock: 8 best children's clocks

Whether you’re teaching them to tell the time or putting the finishing touches to a nursery, there’s a ticker for that
Charlie Austin: Queens Park Rangers striker says ‘If the move is not right, I’m not going’

Charlie Austin: ‘If the move is not right, I’m not going’

After hitting 18 goals in the Premier League last season, the QPR striker was the great non-deal of transfer deadline day. But he says he'd preferred another shot at promotion
Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

'If we lose touch we’ll end up with two decades of the Tories'

In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea
Tunisia fears its Arab Spring could be reversed as the new regime becomes as intolerant of dissent as its predecessor

The Arab Spring reversed

Tunisian protesters fear that a new law will whitewash corrupt businessmen and officials, but they are finding that the new regime is becoming as intolerant of dissent as its predecessor
King Arthur: Legendary figure was real and lived most of his life in Strathclyde, academic claims

Academic claims King Arthur was real - and reveals where he lived

Dr Andrew Breeze says the legendary figure did exist – but was a general, not a king
Who is Oliver Bonas and how has he captured middle-class hearts?

Who is Oliver Bonas?

It's the first high-street store to pay its staff the living wage, and it saw out the recession in style
Earth has 'lost more than half its trees' since humans first started cutting them down

Axe-wielding Man fells half the world’s trees – leaving us just 422 each

However, the number of trees may be eight times higher than previously thought
60 years of Scalextric: Model cars are now stuffed with as much tech as real ones

60 years of Scalextric

Model cars are now stuffed with as much tech as real ones