Premier League owners are close to an agreement over a player wages' cap.
The Mail on Sunday says talks have already taken place between all 20 top-flight clubs about introducing their own version of financial fair play and a formal outline could be agreed later this month when Premier League chairmen meet in London on November 15.
There is a growing desire among the Premier League's international owners to keep a big slice of what could be £5billion from the new television deals that start next year, rather than see it all go to players and their agents.
Significantly, there is a will among even the richest owners - Roman Abramovich at Chelsea and Sheik Mansour at Manchester City - to stop making huge losses. And the new breed of American owners - John W Henry (Liverpool), Ellis Short (Sunderland), Stan Kroenke (Arsenal), the Glazers (Manchester United) and Randy Lerner (Aston Villa) - are desperate to see a return on their investment.