CHAMPIONSHIP clubs have rejected proposals to amend their financial fair play (FFP) rules to give them more wriggle room.
Losses next season therefore remain capped at £6m, half of which must be covered by owner investment, otherwise teams face a transfer embargo or fines of up to 100 per cent of the amount they overspend.
On the table yesterday were proposals to raise that to £10m, £11.4m or £12.8m, but, despite all achieving majority backing, none polled the 75 per cent needed to amend the regulations.
It means dialogue is set to continue amid concern at the impact of a significant increase in parachute payments for clubs relegated from the Premier League.
Football League chairman Shaun Harvey said: “We will now continue the positive and collaborative dialogue we have had with Championship clubs on this issue to see if there is any appetite for alternative forms of change.”
A handful of Championship clubs had threatened the Football League with legal action over the rules, despite themselves voting for them to be introduced two years ago. The first sanctions, based on this season’s accounts, are due to be issued in December.
Brighton chief executive Paul Barber – a panelist at tonight’s City A.M. roundtable discussion on financial fair play – wrote on Monday that he was “not in favour” of changing current rules, adding “none we’ve seen are perfect”.