Season › 2012-13 › News Premier League 'financial fair play' rules approved Michael Kenrick , 11 April, 16comments | Jump to most recent Financial controls will be brought in to Premier League clubs from next season after opposition to the spending restraints fizzled out. » Read the full article at TeamTalk Reader Comments (16) Note: the following content is not moderated or vetted by the site owners at the time of submission. Comments are the responsibility of the poster. Disclaimer Ralph Basnett 1 Posted 12/04/2013 at 09:19:45 Great, I think? But really, what does it mean? Can anyone shed any light? It takes me all my time to post here without trying to find things on the Internet. Nick Entwistle 2 Posted 12/04/2013 at 12:09:13 No one wants to see clubs do a Portsmouth, but if you restrict spending, surely this just protects the status of the CL clubs? Would Spurs have been able to spend their way to mounting a challenge in the way they have? Ross Kerry 3 Posted 12/04/2013 at 12:40:45 I assume we are below the £52 million wage threshold (?) in which case this we could catch up to the top tier if we increased our wage expenditure by more than £4M per year, 3-4 good players added to the squad? We all know that we won’t do this, and neither will any of our genuine competitors over a few seasons. The top teams will be able to do this though, so it seems to me that Everton have just agreed to rules that keep them where they are now. Gareth Fieldstead 4 Posted 12/04/2013 at 13:52:58 Yet the papers are reporting direct quotes from Man City that they will be spending big in the close season. Not sure what to make of this but didn't the leading lawyer in the Bosman case report that he thinks the new rules are unlawful? Either way I am sure the Chelseas of this world will do everything to get around it. Like Utd there training ground will be worth a hundred million plus and so on. Obviously Utd would still have more money to spend than everyone else but it would be nice tryingto compete on a level playing field with the rest. Patrick Murphy 5 Posted 12/04/2013 at 14:24:15 Ross we can spend more than the £4m increase in wages if we sell some of our current players or increase our revenue with commercial activities. Our commercial activities don't look like increasing our revenue anytime soon , so we'll probably see a smaller squad with players on higher wages...that will solve our problems. It does seem like a charter for the existing moneybag clubs to keep their positions without any real threat from interlopers. Richard Dodd 6 Posted 12/04/2013 at 14:31:32 Interesting that the only thing football fans are interested in is how much their clubs can spend on transfers and wages. And whatever that figure is, it's never enough. Strangely when clubs do overspend — as they all do — the same people say their club is being mismanaged.Ring any bells? Ross Kerry 7 Posted 12/04/2013 at 14:37:19 Richard, no it doesn't. Please do explain. John Gee 8 Posted 12/04/2013 at 14:43:28 Look, we can all debate whytherefores and howfores of this and where it leaves Everton. But something had to be done. I mean, we can't have a working league in this country if Man Utd's dominance is threatened by the increased financial power of Man City. Can you imagine if Utd didn't win the title every other year? It would be chaos. They have out spent almost every club in the world for 20 odd years and it would be unfair if they were to lose their financial advantage now.But, you know, this is done 'for the Portsmouths of this world'. Like the PL/FA give a fuck about Portsmouth!! Tom Hughes 9 Posted 12/04/2013 at 14:53:54 I'm not sure what these rules entail..... but if they simply state that clubs can only spend a specified proportion of their turnover then the likes of Man City and Spurs will still be able to comfortably outspend us, as their turnovers now dwarf ours. (This wasn't always the case). Perhaps this might prompt the board to properly try to grow our commercial and matchday incomes by investing in the club...... or letting someone who will invest takeover. Otherwise these rules will only cement our place in the also-rans for good IMO. Kevin Tully 10 Posted 12/04/2013 at 15:19:53 Didn't the Man City owners already find a way to flout these new rules by sponsoring their own stadium for way above market value? Look out for "The B.K. Productions Stadium" coming to Goodison Road soon, we can expect an extra £56.00 quid a week right there!! Ernie Baywood 11 Posted 12/04/2013 at 15:39:46 I've been banging on about these rules for a couple of months on Toffeeweb and been ignored. If they are as they were presented then the new TV money goes to debt, and we can't improve the squad because we can barely lift our wage bill. Meanwhile the clubs with sound commercial revenue can strengthen as much as they want.And it gets better. The clubs who are currently worse than us CAN use the TV money to catch up. They CAN lift their wage bill to something approaching ours.Investors can underwrite something like 100M of loss over 3 seasons (haven't looked for a while so happy to be corrected). So we can spend money if BK guarantees it (nearly a chuckle there) but not if it affects our wage bill.If you were an investor where would you look? Certainly not at Everton. We're about the worst impacted by the rules. Ernie Baywood 12 Posted 12/04/2013 at 15:47:40 Here's how the rules were approved in Feb:http://www.premierleague.com/en-gb/news/news/2012-13/feb/premier-league-new-financial-rules-explained.htmlI note that they have now allowed transfer fee revenue to go towards wages. That's significant and means when (no longer if) we sell Fellaini we can strengthen the squad to some degree with the proceeds.I did say in a previous thread that I wondered if this was the condition around Moyes's budget that he was waiting for clarification on. I wonder if we'll get his decision now. Thomas Lennon 13 Posted 12/04/2013 at 18:10:51 This is meant to stabilise spending, reduce wages spending and presumably increase spending on capital. This is good news for Everton in terms of freeing up funds to develop the business and reduces risk for new investors. Perhaps we are now more attractive to investors rather than less. Dennis Stevens 14 Posted 12/04/2013 at 19:27:53 As ever, I look forward to being impressed by the progress we make under our Board in light of the new rules & the dramatic increase in tv money. Jackie Barry 15 Posted 16/04/2013 at 03:31:57 Wasn't our wage bill 63.4 million last year? So would this mean the new spending limits of an increase of only 4-million per year coming into effect for us? Ernie Baywood 16 Posted 16/04/2013 at 05:09:13 Sounds about right. We can increase the wage bill further through increased commercial income or player sales. We can't use the TV money.Teams below the cap CAN use the TV money to increase wage bills.The big few can continue to pay £150M to £200M a year as long as they don't lose too much money overall in the process. They can even increase their wage bill if they have the commercial revenue to support it. Mind you they already had slightly different regs to adhere to by playing in Uefa Comps.This isn't a salary cap. 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