Stoke City chairman Peter Coates insists the Premier League's new financial controls will work.

Coates, one of the most vocal supporters of the new financial restraints, feels they will prove of benefit over the long term.

Coates told BBC Radio 5 Live's Sportsweek programme: "The object is to make us sustainable - we have the richest league in the world by some distance, yet collectively we lose huge amounts of money which is not good and is a fair criticism. Essentially we are trying to put our house in order.

"By in large the majority of clubs want to stick by the rules, and will want to make it work.

"The Premier League will have a commission and oversee this, to take action where appropriate.

"Clubs also have to abide by UEFA Fair Play and ours is more liberal at the top end."