Clubs face points loss for over-spending

Top-flight clubs will face a points deduction if they breach new spending controls agreed by the narrowest majority at a Premier League chairmen’s meeting.

The 20 club chairmen voted by 13 to six — with one abstention — to implement two significant controls: to limit players’ wage bills from next season, and longer-term measures that will restrict the amount of losses clubs can make to £105 million (€123m) over three years.

Clubs whose total wage bill is more than £52m (€61m) will only be allowed to increase their wages by £4m (€4.7m) per season for the next three years, though that cap does not cover extra money coming in from increases in commercial or matchday income.