Football: Premier League clubs agree cost-control measures
LONDON (AP) - English Premier League clubs responded to concerns about spiralling wages by agreeing on Thursday to impose the first spending controls by a major European league.
Uefa warned on Monday that the failure to control salaries, which have risen 40 per cent at leading European clubs in five years, was endangering the future of football on the continent.
And the Premier League is keen to ensure the expected US$8 billion (S$10.01 billion) being generated by a new three-year television rights deal is not frittered away by clubs.
West Ham co-chairman David Gold said the majority of clubs agreed to adopt a restraint on wage increases.