Premier League chairmen fail to agree salary cap or financial fair play measures
Barclays Premier League chairmen are split over how to introduce cost controls to England's top flight despite broad support for some measures.
Although a majority of the 20 clubs who attended a shareholders' meeting today are supportive of bringing in financial controls, major differences of opinion remain over what form these should take.
The meeting at the Premier League's headquarters ended with no decision taken, and league's executives will now try to draw up some detailed proposals on a range of options ahead of a meeting in February.
Any decision is likely to come into force from the start of next season.
Some clubs such as Arsenal and Manchester United want clubs to be obliged to break even every year, while it is understood others argued at today's meeting that owners should be allowed to put in their own money to subsidise spending. There was also disagreement over the level of owner investment that should be permitted.
Other clubs, including Fulham, believe there should be no restrictions at all while yet another group including Sunderland want the controls to only be short-term restrictions on player wage increases.
There have now been five meetings of top-flight chairmen where cost controls have been discussed without any concrete decisions being made.
West Ham co-owner David Gold told Press Association Sport: "There have been no decisions made. The debate carries on. I am hoping that we can come to some conclusions for the best interest of the football clubs and the league as whole, hopefully before the start of next season."
Swansea chairman Huw Jenkins said he was hopeful an agreement could be reached.
He said: "I think we will get a consensus on this. Over the next few months we should get something in place, most likely before the start of next season.
"The main issue is that in the present economic climate, we as a league, portray the right image and make sure that everyone involved in football is looking after the supporters and making sure everything is kept under control and is run in the right manner."
Jenkins added: "We are looking at the financial fair play rules and introducing that throughout the Premier League for the good of everyone in the Premier League and for the good of the game.
"I see it generally as a good discussion about making sure the Premier League retains its position as the number one league in the world and that we keep portraying the right image.
"It's great that we have got everyone on board all fighting for the same cause. It should work well for everyone connected in football."
Latest in Sport
Manchester United teased by Monaco after claims they could have signed 'Luis Suarez of Neymar' instead or £58m Anthony Martial
Former Manchester United star Karel Poborsky goes full hipster
Manchester United hit back at Real Madrid by claiming they let David De Gea 'slip through their fingers into the back of the net'
Premier League Power Rankings: Eden Hazard and Harry Kane continue to slip but Wayne Rooney has to perform against rivals
Serie B introduces 'green cards' to promote good behaviour, fair play and sportsmanship
- 1 What marriage would look like if we actually followed the Bible
- 3 'Heartbreaking' Syria orphan photo wasn't taken in Syria and not of orphan
- 5 Orthorexia nervosa: How becoming obsessed with healthy eating can lead to malnutrition
Britain to take more refugees as Cameron bows to pressure after more than 250,000 back our campaign
Senior British politicians tell David Cameron: When dead children are being washed up on beaches – it's time to act
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don't change Europe's attitude to refugees, what will?
Make your voice heard: Sign The Independent's petition to welcome refugees
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be