Sunday, 10th February, 2013
Liverpool manager Brendan Rodgers has given his backing to the Premier League’s plans to introduce financial fair play rules.
The Premier League are bringing in wage level controls, which will dictate the amount by which clubs can raise their wages bills year on year.
There are also regulations on losses that can be made, with a total loss of £105M the maximum that is allowed to be racked up by any club in a three season period from 2013 until 2016.
While Liverpool may well be a club that need to increase their spending to make up the gap to the top sides in the Premier League, Rodgers feels the financial fair play rules that are coming in are welcome.
"For me, it’s a good idea", the Northern Irishman told his club’s official site.
"We certainly wouldn’t want to see one or two clubs who have got a lot more finance than anyone else run away with it.
"We’ve seen in the last couple of years, clubs that we would consider to be massive clubs and institutions in the game going bankrupt and struggling.
"That’s not anything we want to see. It can happen.
"It’s very important for the fair play and the competition itself, that there’s a playing field that we all feel we can compete in.
"Once that kicks in over the next two or three years, it will be good for the game."
Liverpool took steps to reduce their wage bill last summer, with the club’s American owners working hard to ensure financial stability and good housekeeping at Anfield.
The Reds have also had to cope with a continued lack of Champions League football in recent seasons, while they have also struggled to compete at the top end of the Premier League, which have resulted in a smaller amount of revenue raised in terms of prize money and TV income.