Manchester United, Liverpool, Arsenal and Spurs join to force finance regulation 2 rivals Man City and Chelsea
A letter, signed by Manchester United, Liverpool, Tottenham Hotspur and Arsenal and published on Arsenal-headed notepaper, was circulated at a Premier League meeting before Christmas.A breakaway group of elite clubs are attempting to curb the spending power of Manchester City and Chelsea.
Addressed to Richard Scudamore, the Premier League chief executive, it called for UEFA’s financial fair play controls to be implemented strictly — a step on from the regulations currently under consideration.
Moneybags: Man City have splashed the cash in their bid for Premier League domination
Rolling in it: Chelsea have spent hundreds of millions under Roman Abramovich
In a clear attack on high-spending owners such as Roman Abramovich at Chelsea and Manchester City’s Sheik Mansour, the letter reads: 'Thank you for your continued work on the vital subject of Financial Regulation for the Premier League.
'However, we do not feel that the latest proposals go far enough to curb the inflationary spending which is putting so much pressure on clubs across the entire League.
'We continue to believe that to be successful and have the best chance of gaining at least the 14 votes necessary, any proposals for Financial Regulation must include meaningful measures to restrict the owner funding of operating losses.
FFP plans: The letter with the Arsenal header which says the proposed regulations do not go far enough
'The owners, controlling shareholders and chief executives of Arsenal Football Club, Liverpool Football Club, Manchester United Football Club, and Tottenham Hotspur Football Club, continue to believe
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