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."

Voices
There will be a chance to bid for a rare example of the SAS Diary, collated by a former member of the regiment in the aftermath of World War II but only published – in a limited run of just 5,000 – in 2011
charity appealTime is running out to secure your favourite lot as our auction closes at 2pm today
News
people
Arts and Entertainment
Bianca Miller and Katie Bulmer-Cooke are scrutinised by Lord Sugar's aide Nick Hewer on The Apprentice final
tvBut Bianca Miller has taken on board his comments over pricing
Life and Style
Approaching sale shopping in a smart way means that you’ll get the most out of your money
life + styleSales shopping tips and tricks from the experts
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
News
Elton John and David Furnish exchange marriage vows
peopleSinger posts pictures of nuptials throughout the day
News
in picturesWounded and mangy husky puppy rescued from dump
News
newsAstonishing moment a kangaroo takes down a drone
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

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

Career Services

Day In a Page

Surrounded by high-rise flats is a little house filled with Lebanon’s history - clocks, rifles, frogmen’s uniforms and colonial helmets

Clocks, rifles, swords, frogmen’s uniforms

Surrounded by high-rise flats is a little house filled with Lebanon’s history
Return to Gaza: Four months on, the wounds left by Israel's bombardment have not yet healed

Four months after the bombardment, Gaza’s wounds are yet to heal

Kim Sengupta is reunited with a man whose plight mirrors the suffering of the Palestinian people
Gastric surgery: Is it really the answer to the UK's obesity epidemic?

Is gastric surgery really the answer to the UK's obesity epidemic?

Critics argue that it’s crazy to operate on healthy people just to stop them eating
Homeless Veterans appeal: Christmas charity auction Part 2 - now LIVE

Homeless Veterans appeal: Christmas charity auction

Bid on original art, or trips of a lifetime to Africa or the 'Corrie' set, and help Homeless Veterans
Pantomime rings the changes to welcome autistic theatre-goers

Autism-friendly theatre

Pantomime leads the pack in quest to welcome all
The week Hollywood got scared and had to grow up a bit

The week Hollywood got scared and had to grow up a bit

Sony suffered a chorus of disapproval after it withdrew 'The Interview', but it's not too late for it to take a stand, says Joan Smith
From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?

Panto dames: before and after

From Widow Twankey to Mother Goose, how do the men who play panto dames get themselves ready for the performance of a lifetime?
Thirties murder mystery novel is surprise runaway Christmas hit

Thirties murder mystery novel is surprise runaway Christmas hit

Booksellers say readers are turning away from dark modern thrillers and back to the golden age of crime writing
Anne-Marie Huby: 'Charities deserve the best,' says founder of JustGiving

Anne-Marie Huby: 'Charities deserve the best'

Ten million of us have used the JustGiving website to donate to good causes. Its co-founder says that being dynamic is as important as being kind
The botanist who hunts for giant trees at Kew Gardens

The man who hunts giants

A Kew Gardens botanist has found 25 new large tree species - and he's sure there are more out there
The 12 ways of Christmas: Spare a thought for those who will be working to keep others safe during the festive season

The 12 ways of Christmas

We speak to a dozen people who will be working to keep others safe, happy and healthy over the holidays
Birdwatching men have a lot in common with their feathered friends, new study shows

The male exhibits strange behaviour

A new study shows that birdwatching men have a lot in common with their feathered friends...
Diaries of Evelyn Waugh, Virginia Woolf and Noël Coward reveal how they coped with the December blues

Famous diaries: Christmas week in history

Noël Coward parties into the night, Alan Clark bemoans the cost of servants, Evelyn Waugh ponders his drinking…
From noble to narky, the fall of the open letter

From noble to narky, the fall of the open letter

The great tradition of St Paul and Zola reached its nadir with a hungry worker's rant to Russell Brand, says DJ Taylor
A Christmas ghost story by Alison Moore: A prodigal daughter has a breakthrough

A Christmas ghost story by Alison Moore

The story was published earlier this month in 'Poor Souls' Light: Seven Curious Tales'