Wenger defends financial fair play
Yesterday a meeting was held, where all the 20 Premier League clubs where various methods of implementing the upcoming financial fair play were suggested. Although no final decision has been taken, most of the clubs are in favour of these rules.
Arsene Wenger, who is known to be a long term fan of FFP, said – “You should just get the resources you generate, that will determine the real size of the club.
“I personally am a long-time defender of financial fair play because I believe in the strength of purely football.”
Suggestions like putting a limit on the percentage of income that a club can spend on wages was put forward. It is believed that nearly 16 Premier League clubs are in favour of these changes. Chelsea, Manchester City, Fulham and Everton are reported to be opposing it.
Two days back, Arsenal chairman Peter Hill-Wood has said that clubs should learn from what happened to Rangers before spending over the top. He also said that Arsenal cannot compete with the likes of Manchester City and Chelsea in the transfer market. But if this FFP comes into effect then Arsenal will become a model club in England. It perhaps has the healthiest financial operating system in the English Premier League.
Many such financial caps will be implemented in England from the next season. Manchester United are also said to be one of the driving forces in proposing these financial fair play rules. Can Arsenal take advantage of this? We will have to wait and see. But perhaps the most important question is whether clubs like Chelsea and Manchester City be able to find any loopholes in the FFP.
But whatever form the new rules take, you can better that Arsenal will suddenly be in the driving seat……