Gazidis calls for salary cap

Gunners chief urges financial stability

Last updated: 2nd July 2009   Subscribe to RSS Feed

Gazidis calls for salary cap

Gazidis: Wants clubs to act responsibly

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The Premier League needs to adopt a salary cap in a bid to achieve financial stability, according to Arsenal chief executive Ivan Gazidis.

Manchester City's spending since the close of last season has dominated the back pages as reports of astronomical fees and wages become commonplace.

With Chelsea and a cash-rich Manchester United also expected to open their chequebooks freely in the close-season, more heavy investment is anticipated from the top flight's biggest spenders.

Arsenal remain determined to stay on an even keel financially and Gazidis has called for a greater responsibility from Premier League clubs.

"I think it is worth our while to investigate whether there are elements of the salary cap system, which they have in US NFL and baseball (sic), which would benefit football," Gazidis told The Guardian.

"Clubs have a duty to provide more stability in our business models and some form of wage restraint is one element worth looking at.

"There are many ways in which it could work."

Gazidis joined Arsenal last year after working as the deputy commissioner of Major League Soccer, which employs a salary cap.

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