United talk to League over financial curbs

editorial image
0
Have your say

DAVE McCarthy, Sheffield United’s managing director, has confirmed the South Yorkshire club are holding talks with Football League officials aimed at ensuring new financial regulations do not punish those relegated from the Championship last season.

The discussions, which The Star revealed began during the governing body’s annual general meeting in Cyprus earlier this month, are taking place alongside negotiations designed to establish spending thresholds for teams in England’s second and third tiers.

“We are taking advice,” McCarthy said. “We, like most (other clubs), are broadly in favour of the measures.

“But, like everyone else, we are just waiting to see what the exact details are going to be.”

United’s delegate at the FL’s get-together in Paphos earlier this month voted in favour of a proposal to adopt UEFA’s financial fair play system which forces members to balance their books.

In addition those in League One, which include United following what plc chairman Kevin McCabe recently described as a “wretched” 2010/11 campaign, will embrace the Salary Cost Management Protocol which pegs wages to turnover.

Having entered into legally binding arrangements with several high-earning players, United argue those used to competing at a higher level must be allowed some flexibility when it comes to abiding by the SCMP.

Preston, who also dropped out of the Championship last month, are making similar representations.

More informal meetings between representatives of Bramall Lane, Deepdale and the FL are scheduled to take place shortly as all parties look to ensure a smooth transition later this year.