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http://menmedia.co.uk/manchestereveningnews/sport/football/s/1588109_manchester-uniteds-premier-league-plan-to-curb-manchester-citys-spending
Manchester Uniteds Premier League plan to curb Manchester Citys spending
A bid by United to limit the spending of noisy neighbours City is set to be discussed by the Premier League for the first time today.
The proposal, launched by the Reds at a meeting earlier this summer, centres on whether Premier League clubs should be hit with sanctions if they spend more than they earn.
It mirrors the Financial Fair Play rules UEFA have introduced for clubs competing in the Champions League and Europa League, which will kick in next season.
The leagues top executives have produced a discussion paper on financial controls for the 20 Premier League chairmen to consider.
It could eventually lead to clubs being forced to break even every year or risk facing penalties.
It would be a serious blow to clubs like City and Chelsea who, at the moment, return significant losses.
According to Citys last published accounts in 2011, the club made a loss of £197m. Chelsea lost £68m in the same year, while United made a £12m profit, despite them being heavily in debt following the takeover by the Glazer family.
There is strong support from other clubs for the proposals.
Wigan chairman Dave Whelan is in favour despite the Latics recording a £7.2m loss for the year ending May 2011.
Critics, meanwhile, insist the rules only favour clubs like United and Arsenal who make a profit while penalising clubs with wealthy benefactors like City.
Whelan said: This proposal has come from Manchester United I think City have shaken them up a little bit but I think there should be some controls on spending.
Some clubs are spending way more than they can afford and get into trouble look at Portsmouth.
The Premier League is so big and powerful and there is so much money around that the clubs try and chase it. Something has to be done.
Uniteds chief executive David Gill has been one of the driving forces behind UEFAs financial fair play rules and he wants the Premier League to follow suit.
The Football League have introduced a similar system in the Championship and Gill believes the top flight should bring in similar measures.
Two groups of 10 clubs, each with clubs mixed up to reflect size and region, are set to discuss the options in more detail today.
No decision will be made just yet but Gill insists its a step in the right direction.
He said: A lot of clubs would be happy just to introduce the financial fair play regulations into the Premier League now, some wouldnt, but thats a debate that has to have happened.
And it will happen.
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