EPL To Vote On Controlling Wage Inflation, With Focus On Two Main Proposals
The Premier League will vote on Thursday "whether to introduce new financial controls designed to dampen rampant wage inflation," according to Owen Gibson of the London GUARDIAN. All 20 Premier League clubs will vote on two proposals, which require "a two-thirds majority to pass into the rulebook." Following the Premier League's £3B ($4.6B) domestic TV deal, "clubs have been looking for ways to ensure the uplift does not translate directly into increased wages." Arsenal, ManU, Liverpool and Tottenham Hotspur are in strong favor of the first proposal based on UEFA's Financial Fair Play break-even rules. The second proposal is "designed to curb wage inflation" and was originally proposed by Sunderland Owner Ellis Short, and it "has the backing of clubs including West Ham and Stroke City." The ceiling at which the wage curbs, which will limit total increases in the salary bill to 10% per season, "would come in has been raised" from £40M ($62M) to £52M ($81M)." Another version of the rule "would allow total wage bills to rise by a fixed amount over the next three seasons" (London GUARDIAN 2/6).