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Former Everton chief Keith Wyness has slammed proposed new financial rules which could now penalise the likes of Leeds United and Newcastle United., the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – admitted the rule changes would actually benefit the Toffees.
Premier League clubs voted on Monday to introduce new financial regulations which will cap spending on wages and transfer fees to a percentage of a club’s overall revenue – with that capThese new regulations will replace the Profitability and Sustainability Rules - which had previously permitted clubs to lose only £105million over three years., 11 March) that Leeds , Newcastle, Fulham Aston Villa, Nottingham Forest, West Ham and Wolves would struggle to conform with the new rules.
Join the Football Insider WhatsApp channel to get all our exclusives and the breaking transfer news FIRST. “We’ve still got to get through this season – and even past next season for the new stadium to open and revenues to grow.“But under the new rules, there are about seven clubs who would be looking at issues“But for me, these new rules do not get to the root cause of the problem in football. If an owner can prove they have resources, they should be allowed to invest in their club.
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