Current Video:Financial restrictions set for Premier League|
The Premier League announced on Thursday that sanctions will be imposed if clubs make losses greater than 105 million pounds over the next three years
Automatically Generated Transcript (may not be 100% accurate)
The -- all big spending in the English -- and he could be over all the clubs announced an agreement to cap that losses. The Premier League announced on Thursday. This sanctions will be imposed the clubs make losses greater than a hundred million pounds over the next three years. It's a -- clubs could face -- seduction if they haven't balanced the books by 2016. All of the twenty current -- lights are rights only Manchester City Chelsea and Liverpool have reported losses prices in the new cap. According to the most recent accounts. Sixty famously on the technical offseason could be -- hits and reported among six clubs to vote against the new restrictions. They will supposedly joined by Fulham West Bromwich Albion Aston Villa Swansea city in south prompted an opposing the decision. It has been suggested the -- restrictions could put an end to the era of excessive spending to win trophies. Chelsea on the Premier League two years off the -- and brown which acquired them I'm not cities -- success came three years -- to shape and so -- take drive up.