Liverpool owner John Henry in favour of Premier League financial fair play rules
Friday 10 August 2012
Liverpool's principal owner John Henry insists his club and others in
the top flight are ready to commit to financial fair play regulations in
the Premier League.
It has been reported that the Premier League is considering adopting its own set of rules to supplement the existing statutes brought in by the sport's European governing body UEFA, which are designed to ensure that clubs spend within their means and penalise those that do not.
Henry told Liverpool fans' website the Tomkins Times: "Recently I was told that half of the clubs in the top divisions within Europe are losing money and 20% are in straits of varying degrees.
"There are a lot of clubs within the league that support financial fair play. We believe the league itself may have to adopt its own rules given that club's seem to be ignoring UEFA's rules, which may be porous enough to enable clubs to say that the trend of huge losses is positive and therefore be exempt from any meaningful sanctions."
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