Premier League agrees new financial regulations

About blooming time imo!

The Premier League says its clubs will be punished with a points deduction if they breach new spending controls.

The 20 teams will not be allowed to make a loss above £105m over the next three seasons, while from 2013-14 they must limit their player wage bills.

"If people break the £105m we will look for the top-end ultimate sanction range - a points deduction," said Premier League boss Richard Scudamore.

He confirmed a disciplinary commission will deal with any broken rules.

"Normally we stay silent on sanctions as the commission has a free range, but clearly if there is a material breach of that rule we will be asking the commission to consider top-end sanctions."

More to follow.

http://www.bbc.co.uk/sport/0/football/21374699

Good news. Even City made a loss last season. It's about time an even playing field was introduced.

About time, QPR will be fucked if they stay up.

They'll find ways around it and more dodgy dealings will happen.

I'd love to say yes, we now have a more even Premier League, but as Copper says, they'll find a way around it.

I have no doubt they will but now at least, the smaller poorer clubs will have a vested interest in making sure the rules are followed. The threat of a points deduction is far more of a deterrent than a fine.

Clubs whose total wage bill is more than £52m will only be allowed to increase their salaries by £4m per season for the next three years (2013-14: £4m, 2014-15: £8m, 2015-16: £12m).

Man Citys wage bill is 170 million.

This isn't a "cap" of any sort which is what is needed.

It's a flex basically and won't affect anything.

they need to say the cap is 60 million and if you go over it you're fined/docked.