Whelan warning over debt as he backs salary cap

Football Finance News

Wigan chairman Dave Whelan has warned that he foresees a time when a Premier League club will be left in financial meltdown when its foreign owner 'spits his dummy'.

His comments come as Football Association chairman Lord Triesman warned clubs to be more prudent after it was revealed an estimated combined debt of £3 billion.

Currently nine clubs in the country's top division have foreign owners and Whelan feels it is only a matter of time before one gets fed up or throws a tantrum.

"I can see a foreign owner spitting his dummy and leaving a club piled high with debt," he told the BBC.

"When it does happen I think it will be an awful shame for that club, which is left with £100m to £150m of debt."

Despite his comments, Whelan's Wigan have debts of £22 million, leading him to suggesting a salary cap to help curb spending.

The dangers of badly managed finances are there for all to see at the bottom of Division Two, with no fewer than three clubs scrapping it out to avoid relegation after being docked a significant number of points prior to the start of the season.

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