Man Utd to push for financial controls in Premier League

Manchester United are one of the prime movers in an effort to extend UEFA's Financial Fair Play regulations throughout the Premiership.

Manchester United are one of the prime movers in an effort to extend UEFA's Financial Fair Play regulations throughout the Premiership.

In a conference call on Wednesday to outline the Red Devils' first-quarter financial performance, United executive vice-chairman Ed Woodward revealed the matter was on the agenda of a meeting of Premier League clubs later this week.

"It is not trying to restrict teams from competing for players," said Woodward.

"The reality is Premier League teams, as a collective group of 20 clubs, are extremely well off compared to other European teams.

"We are trying to impose some parameters about how clubs use the funds they are receiving from the collective so we don't end up with a lot of clubs making annual and regular losses."

United's major rivals, Chelsea and Manchester City, are also bound by UEFA's Financial Fair Play regulations.

"We are supportive of proposals broadly mirroring Financial Fair Play which we abide by already," said Woodward.

"Those discussions have developed.

"There is a meeting this week with the Premier League to continue to dialogue around that.

"A number of different parameters are being discussed, one of which is break even."

 

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