Date: 10th June 2011 at 12:29pm
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The Football League say today that clubs in all three divisions have voted in favour of developing rigorous new measures aimed at delivering a ‘break even’ financial model at clubs, at their summer conference in Cyprus.

UEFA’s financial fair play system was introduced to try and make sure that all clubs balance their books and break even and the seventy-two clubs agreed, in principle, to these regulations.

Football League chairman Greg Clarke said, ‘This is a very important step forward for professional football and will help our clubs exert greater control over their finances. Altho9ugh much more work needs to be done I am hugely encouraged and impressed by the energy and focus of our clubs on this issue.’

FA chairman David Bernstein described the Football League’s announcement as ‘very encouraging’ saying, ‘I welcome the Football League’s new cost control measures. The FA supports these regulations and they are a welcome step in the right direction.’

The Football Leagues Official Site says that Clubs in League Two support UEFA’s Fair Play ethos and currently operate the Salary Cost Management Protocol successfully at a sixty per cent threshold, which will reduce to fifty-five per cent next season.


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