Filed under: Championship, League One, League Two, Premier League, Football
Amidst football's continuing money madness, a welcome outbreak of sanity, as it emerges the Football League is ready to sign up all its clubs to cost control measures which, it is hoped, will finally help them live within their means.Some call it financial fair play. It could equally be termed 'anti-oligarch', a small but significant blow against the Sheikh Mansour and Roman Abramovich types who see football clubs as little more than play-things.
For that particular tag to stick, the Premier League would have to show a remote bit of interest in addressing its foolhardy fiscal foundations, as opposed to its current head-in-the-sand approach, so we won't expect our new phrase to catch on just yet.
Seemingly shocked into action by recent figures which highlight - despite revenue remaining largely on the rise - operating losses in the Championship climbing for a sixth successive year to a record £133 million at the end of the 2009-10 season, the League's movers and shakers are taking significant steps to put their house in order.
From the start of the 2012-13 campaign, the Championship is set to adopt a set of financial rules similar to those contained within a Uefa-backed scheme aimed at limiting losses and tackling the at times shockingly gung-ho manner - admittedly usually higher up football's food chain - in which many clubs are run.
With the League's 72 teams collectively indebted to the sum of around £700 million, the vast majority of that run-up in England's second tier, many would say it's about time, too.
The introduction, to all intents and purposes, of a salary cap is a central part of the scheme, something which clubs in League Two already adhere to - no more than 60 per cent of turnover can go on players' salaries - with League One clubs set to follow from the start of next season in an attempt to rein in costs.
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