Gold predicts Premier League ‘oblivion’

WEST HAM co-owner David Gold claims England’s top-flight clubs are “spiralling towards oblivion” and has called for spending limits for Premier League sides.

Gold has branded the league’s financial structure “a complete nightmare” which serves only to provide “incredible cars” for players while most clubs are losing money. Only seven of the 20 were in profit last year.

Last month, Portsmouth were docked nine points after becoming the first Premier League club to go into administration.