4 Aug 2010English Premier League introduces new rules

Football Finance News | Football Leagues/ Association and Governance

English Premier League bosses have unveiled a set of new regulations aimed at preventing top-flight football clubs from falling into the kind of difficulty which has beset recently-relegated Portsmouth.

Speaking at a news conference yesterday (August 2nd 2010), the division's chief executive Richard Scudamore suggested the guidelines have been drawn up in response to strong criticism over the league's laissez-faire attitude to finance.

"The objective of the [English Premier League] is to reduce risk and try to prevent the worst happening, but we can't eliminate risk entirely as that would involve us interfering as shadow directors," Scudamore explained.

He admitted that the league had suffered "reputational damage" as a result of the ongoing Portsmouth saga, but claimed it is not indicative of a wider malaise.

Scudamore's comments came as Portsmouth's administrators returned to the High Court for the latest round in their battle with HM Revenue and Customs, which rejected a proposed company voluntary agreement in June.

Written by Mark Thompson

Join now to help shape the beautiful game

© Copyright