Xlex
22/11/2002, 9:01 AM
From the star:
Clus agree cuts
MAJOR cuts in wages and squad sizes were yesterday agreed by the English Football League clubs as they bid to solve the financial crisis.
It was decided that teams may spend only a set percentage - initially 60% but eventually 50% - of their turnover on player wages.
The deal has still to be formally adopted but it is likely to mean further cuts in playing staff. The clubs even considered limiting the size of squads to 24.
Last summer 500 professionals struggled to find clubs and the figure is expected to be higher next summer.
In 2001-2002 first Division clubs paid out 101% of turnover in wages.
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On another point, why is the english F.A. allowing this, it's going to widen the gap between the Premier and the first division...
but... do I care...:rolleyes:
Clus agree cuts
MAJOR cuts in wages and squad sizes were yesterday agreed by the English Football League clubs as they bid to solve the financial crisis.
It was decided that teams may spend only a set percentage - initially 60% but eventually 50% - of their turnover on player wages.
The deal has still to be formally adopted but it is likely to mean further cuts in playing staff. The clubs even considered limiting the size of squads to 24.
Last summer 500 professionals struggled to find clubs and the figure is expected to be higher next summer.
In 2001-2002 first Division clubs paid out 101% of turnover in wages.
_________________________________________________
On another point, why is the english F.A. allowing this, it's going to widen the gap between the Premier and the first division...
but... do I care...:rolleyes: