Shrewsbury Town backs UEFA ‘spend what you earn’ rule
Friday 10th June 2011, 6:00PM BST.
Shrewsbury Town and fellow Football League clubs today voted to adopt UEFA’s financial fair play system where teams can only spend what they earn.
Increasing levels of debt and a drop in television income has seen the 72 clubs agree to the system “in principle” at the league’s annual meeting in Cyprus.
Football League chairman Greg Clarke said: “This is a very important step forward for professional football as it will help our clubs exert greater control over their finances.
“Much more work needs to be done, but I am hugely encouraged and impressed by the energy and focus of our clubs on this issue.
“They have been the catalyst for change and have shown a real desire to self-regulate in this area. I congratulate them on taking this bold step.”
UK Sport
Shropshire Star on Twitter
Keep updated with the latest breaking news and content on our Twitter feed.
Lifestyle
Interactive Dining Out map
Hundreds of reviews by the Shropshire Star and Express & Star's teams to help you decide where to eat.
Entertainment
All the film reviews
Before you plan a trip to the pictures, get our critics' verdicts on all the latest movie releases.
OUR NEW APP
Get the new Shropshire Star app
Download the Shropshire Star’s new app to your iPad or iPhone to get one week of access to our digital newspapers absolutely FREE.
shropshirestar.com
Popular sections
Useful links
well the shrews will do well on this, £20 a week plus a squad share in a £4 win bonus, even the chairman will have to make do with latvian port from lidl. and all this while the arthur daley of fifa sepp blatter earns 50 million euros plus bungs, perks, pension package and deals. well played the shrews floreat salopia, come back jimmy hill all is forgiven oh and rowland change that ruddy badge, you have been told. with the players wages down to £20 you can afford it now, steady on with that latvian port now its firewater!
Report abuse