Cash curb bid for top-flight English clubs
The move was agreed by the majority of the 20 chairmen at a meeting in London despite opposition from a minority of clubs. However the exact details have yet to be agreed – specifically how much wealthy owners can put into clubs to cover losses, sources disclosed.
The chairmen asked Premier League executives to bring back detailed plans for the next meeting on 6 February.
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Hide AdIt is understood Manchester City, Fulham and Aston Villa remained opposed but only 14 of the 20 clubs are needed for the moves to go through.
Manchester United and Arsenal want a pure break-even system similar to Uefa’s financial fair play scheme for clubs in European competition.
A group of other clubs, including Wigan and Chelsea, are also in favour of a break-even system but argue that wealthy benefactors should still be permitted to put extra investment into clubs.