Football League to cap salaries at Championship clubs
Published 00:00 05/07/09 By By Paul Smith
The Football League are set to take the unprecedented step of imposing a salary cap on Championship clubs at the start of the 2010-11 campaign.
Clubs voted unanimously in favour of the landmark move at their annual summer meeting in Portugal in a bid to avert the imposing threat of financial meltdown.
Football League chairman Sir Brian Mawhinney successfully applied the restrictions on League's One and Two five years ago.
But he has been powerless to restrict over-spending in the Championship after a number of clubs stubbornly resisted the move.
Owners and representatives of Championship clubs descended on Portugal with the intention of implementing a salary cap.
Mawhinney, who was given a mandate by the clubs to come up with a workable structure, refused to do so unless he had the backing of every single club.
The likelihood is the League will look to put in the same restrictions that apply to Leagues One and Two, where clubs are prevented from spending more than 75 per cent of their income on all club wages.
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