Boro await Football League vote

PURSE STRINGS: Tony Mowbray
PURSE STRINGS: Tony Mowbray

MIDDLESBROUGH will be interested by the result of a vote at the Football League’s Annual General Meeting.

Championship clubs are today expected to back a move to introduce their own UEFA-style financial fair play system where teams can only spend what they earn.

The system will be put forward at the Football League’s AGM in Cyprus, where it will also be proposed that League One clubs move towards the introduction of the salary cap currently in force in League Two, where teams can spend a maximum of 60 per cent of their turnover on wages.

The move comes as the Deloitte annual review of football finance reveals wage increases in the Premier League and Championship continue to outstrip growth in revenues.

Football League chairman Greg Clarke said: “The Championship clubs voted to look at financial fair play and in principle decided that was the road they wanted to go down.

“I think it’s essential, and the energy to solve this is coming from the clubs themselves.

“It’s a perfect storm in that a lot of things have come together to make this happen, including of course the level of debt in the game – £700million in the Football League, most of that in the Championship - and big losses being racked up by the clubs.”

Boro are building up towards the new season though boss Tony Mowbray has been forced to tighten the purse strings at the Riverside.

The club are due to receive the last of their so-called parachute payments from the Premier League and the financial situation is difficult.