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Premier League announce plans for own financial fair play rules

:Headline: Premier League announce plans for own financial fair play rules: ID:54776: from db_amp
The Premier League announce that they plan to introduce their own financial fair play rules in time for next season.

The Premier League have announced that they are working towards introducing their own financial fair play regulations.

The notion was made at a shareholders meeting in London today involving all of the top-flight clubs, where it was suggested that regulations on finances would mirror that of European governing body UEFA.

The European ruling aims to prevent clubs from spending more money than they earn in an attempt to create a fairer way of running football clubs across the board.

The Premier League generates a vast amount of money, a large portion of which goes into players' wages. It is believed be aiming to introduce this new measure next season.

For the notion to pass, 14 clubs out of the league's 20 will have to approve it.

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Premier League Table
TeamPWDLFAGDPTS
1Liverpool108111961325
2Manchester CityMan City1072121111023
3Nottingham ForestNott'm Forest10541147719
4Chelsea105322012818
5Arsenal105321711618
6Aston Villa105321715218
7Tottenham HotspurSpurs1051422111116
8Brighton & Hove AlbionBrighton104421714316
9Fulham104331413115
10Bournemouth104331312115
11Newcastle UnitedNewcastle104331010015
12Brentford104151920-113
13Manchester UnitedMan Utd10334912-312
14West Ham UnitedWest Ham103251319-611
15Leicester CityLeicester102441418-410
16Everton102351017-79
17Crystal Palace10145813-57
18Ipswich TownIpswich100551021-115
19Southampton10118719-124
20Wolverhampton WanderersWolves100371427-133
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