26 Aug 2010PFA chief calls for football club debt limits

Football Finance News | Football Referees, Players, Managers and Media

Professional Footballers' Association chief executive Gordon Taylor has urged English football's governing bodies to impose restrictions on the amount of debt carried by the country's football clubs.

In an interview with ESPN Soccernet, the former Bolton Wanderers and Bury winger expressed concern about the amount of arrears loaded on to Manchester United and Liverpool and called for American-style regulations to be introduced.

"What happens in the States with a 20 per cent limit on leveraged debts in any takeover makes great sense to me," he said. "There is no reason why we cannot learn from American sports if it is appropriate."

Taylor added that individual footballers' image rights agreements are coming under increased scrutiny from HM Revenue and Customs and suggested such deals could be jeopardised if clubs find themselves in financial difficulty.

Chinese businessman Kenny Huang's bid to complete a takeover of Liverpool fell through earlier in the month, with reports suggesting the tycoon had grown frustrated at a lack of progress.

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Written by Paul Roberts

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