Currency Converter

Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).


SBD Global/April 11, 2014/Finance

League Championship Clubs Make Progress On Financial Fair Play Regulations

The Football League has declared "considerable progress" after meeting Championship clubs to discuss Financial Fair Play regulations, according to the BBC. A league spokesperson said there had been talks on "improvements" to the rules. Among the issues raised at the meeting "was a concern that increased Premier League parachute payments could distort competition when allied to the FFP rules." Clubs relegated from the top flight receive £60M ($101M) in payments over four years, a figure increased from £48M in '13. A number of Championship clubs "have expressed concerns about the FFP rules." Watford CEO Scott Duxbury said last Friday that, although he agreed with the ethos of FFP, the rules "needed adapting." Ipswich Manager Mick McCarthy said last month that "he expected a number of clubs to fall foul of the regulations" (BBC, 4/10).
Return to top

Related Topics:

Finance, United Kingdom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug