The league will hold two days of meetings with clubs to discuss ways of controlling spending and increasing the sustainability of club finances in the medium and long term.
The 10 clubs from the south will meet with chief executive Richard Scudamore and other league officials on Monday, with the clubs from the north convening on Wednesday.
Around 17 of the 20 clubs are in favour of some sort of cost controls but there is no consensus over what measures should be introduced.
Clubs qualified for European competition are subject to Uefa’s financial fair play system, and a domestic version, similar to that employed by the Football League, is one of the measures that will be discussed.
Measures to cap player wages will also be considered. One option is to limit spending on players to a percentage of income, a move that would favour the biggest earning clubs.
Another, suggested by
That would break the pattern that has seen major increases in broadcast revenue immediately converted into wage rises. With the league having already secured a 70 per cent rise in its domestic TV deal from 2013-2014 clubs are keen to have an excuse to bear down on costs.
Clubs will also be asked to consider a requirement to guarantee all liabilities for a longer period of time than the current one-year. This would require clubs to guarantee finances for the length of player contracts, often five years, and help the sustainability of clubs.
The rule would mean that clubs would be protected were benefactors to walk away, rather than having to carry the cost of unaffordable player contracts, which was a factor in Portsmouth’s most recent troubles.
Sanctions for breaking new rules are likely to see fines or transfer bans
placed on clubs. There is significant resistance to the full FFP model being
introduced as it would prevent clubs such as Wigan and Fulham benefiting
from owner subsidy, as much as Chelsea and
Roy Hodgson this week called for the league to not play Sunday fixtures in international weeks so his squad have more time to prepare for Friday-night games, but there is no prospect of a change in league policy.
With teams in the Europa League having to play on Sundays, and the huge new TV deal predicated in large part on Sunday afternoon football, fixture patterns will remain unchanged.
Meanwhile the Premier League has been delighted with Liverpool and Manchester United’s approach to their meeting this weekend, the first game at Anfield since the publication of the Hillsborough Independent Panel report.
They expect Luis Suarez, who last season ignored Patrice Evra’s attempted handshake, to shake hands before the game, and hope that supporters will refrain from offensive chants.
The league have no intention of ending the routine despite Anton Ferdinand refusing to shake John Terry’s or Ashley Cole’s hand last weekend.