Date:Sunday October 12 2008
Wigan Athletic chairman Dave Whelan has once again spoken out about the state of debt in the Premier League and mooted his preference of a salary cap to make it a more equal competition rather than just a two horse race for the title.
Speaking on BBC Radio Whelan said that he believes rules need to be brought in to reduce the debt that top flight clubs find themselves in and in light of Sepp Blatter and Michelle Platini`s comments on the amount of debt in the Premier League, he said:
'UEFA are going to say things about debt and actually, I agree with them'
'They are talking about salary caps again now but what we should be doing is limiting the amount of debt that each club can have.
'Let's say 25 or 30% of your total income and you can't have any more debt on your balance sheet than that. If you do, you are breaking the rules and you get points deducted or whatever.'
With the Latics having a reported £54 million worth of debt the situation is serious considering the current economic climate and it is no wonder that Whelan is looking to get investment into Wigan Athletic with Hyundai talking over sponsorship of the shirts and stadium
The Latics need to bring in an enormous amount of extra revenue if they are going to compete with the top ten of the Premier League let alone the top four
John Madejski the Reading chairman also agreed with Whelan's comments he told the BBC:
'The Premier League in the last few years has been dominated by incredibly wealthy people from around the globe, it is big boys' toys basically.'
'There is passion and I think people do leave their brains behind in the boardroom sometimes especially when they are spending other people's money buying players.'
Dave Whelan - Counting the millions
Vital Latics - Counting the pennies
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Date:Sunday October 12 2008
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