Thursday 11 April 2013 07:23, UK
Premier League clubs will face a points deduction if they breach new spending controls, chief executive Richard Scudamore has confirmed.
Scudamore admitted that their own FFP measures would mean it will take longer for benefactor owners to achieve success, but that it would still be possible. He said: "The balance we have tried to strike is that a new owner can still invest a decent amount of money to improve their club but they are not going to be throwing hundreds and hundreds of millions in a very short period of time. "While it has worked for a couple of clubs in the last 10 years, and I am not critical of that, if that's going to be done in the future it's going to have to be over a slightly longer term without the huge losses being made. "I think at £105m you can still build a very decent club with substantial owner funding but you have to do it over time, you can't do it in a season." Chelsea won the Premier League two years after Roman Abramovich's takeover, and Manchester City's title success came three years after Sheikh Mansour's takeover. Any club making any loss of over £5m a year will have guarantee those losses against the owner's assets. "In some ways that's the most significant part; this is a three-year rolling system of secure funding - it's one year at the moment," added Scudamore. The ceiling when the wage increase restrictions kick in will be £52m next season, £56m the following year and £60m in 2015-16. Only seven of the current top-flight clubs would be under that ceiling at the moment.
