- Associated Press - Thursday, March 24, 2016

LONDON (AP) - English Premier League clubs will be able to use more television cash to fund players’ salaries although restrictions will be in place to prevent them from frittering away the $12 billion windfall.

The 20 topflight teams have agreed to extend financial controls designed to restrain spiraling player costs for a further three seasons.

The restrictions were initially imposed in 2013 and the new limits reflect the rise in the value of TV rights for the 2016-19 period to 8.3 billion pounds ($12 billion).

Clubs have the option of abiding by two alternative wage-control options.

If wage bills exceed 67 million pounds in 2016-17, 74 million pounds in 2017-18 and 81 million pounds in 2018-19, they can only be raised by 7 million pounds per season for the next three years from TV revenue. During the current 2013-16 TV rights cycle, annual increases of 4 million pounds have been allowed to be funded from TV cash.

Alternatively, clubs have to show that their aggregate wage bill for players has not increased since the 2012-13 season by more than 19 million pounds in 2016-17, 26 million pounds in 2017-18 and 33 million pounds in 2018-19.

Clubs will still be allowed to hike salaries if they are funded by self-generated revenue, notably through commercial deals and merchandise sales.

But the league has rules in place that require clubs to provide information that all liabilities can be met for the following season.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide