Manchester United are pushing for stronger financial controls inside the Premier League.

United are one of the prime movers in an effort to extend spending controls, similar to UEFA's financial fair play regulations, throughout England's top flight.

Thursday's meeting of the 20 club chairmen will flesh out the details of the proposals.

In a conference call on Wednesday to outline United's first-quarter financial performance, club executive vice-chairman Ed Woodward said the rules would prevent clubs making huge annual losses.

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