Blackpool chairman Karl Oyston has backed the Financial Fair Play rules
Blackpool chairman Karl Oyston has backed the Financial Fair Play rules that will come into effect next season.
Last Updated: 14/06/13 5:09pm
The forthcoming campaign will see second-tier clubs limited to the amount of losses they can make, with anyone losing £4million or more being hit with a transfer embargo or substantial fine.
Championship clubs amassed a net debt of £0.9billion last season and Oyston has voiced his support for the new structure.
"It's difficult for a player who has been used to earning five, six or seven thousand a week to be told the only offers available are for three, four or five thousand," he told The Blackpool Gazette.
"It's going to be difficult for a lot of those players to take a step back in their income but that's what's happening.
"At the moment players and agents aren't quite grasping that and are finding it difficult to accept. That isn't just at this football club, it's everywhere. It's not a club's choice to tighten things - it's now a regulatory necessity. Quite rightly it has been enforced.
"For far too long, people have run their businesses horrifically badly. These new regulations are the punishment for this, even for those of us who didn't run our businesses in that way."