English Premier League football clubs should be able to pay their professional players as much as they like, Southampton chairman Nicola Cortese said yesterday, attacking new cost control measures.
Top flight English clubs last month approved the introduction of limits on losses and curbs on increases in player wages to try and ensure that the latest television cash windfall leads to greater financial stability.
“We believe very strongly that each club should continue to be permitted to run their business – including their pay rolls – as they see fit,” Cortese said in a statement.
“This is fundamental to the future integrity of football,” added Cortese, a Swiss-Italian former banker who has run Southampton for the past four years.
Cortese said Southampton, back in the top flight this season, were already operating “within the spirit” of the new rules, which are themselves inspired by UEFA’s Financial Fair Play curbs for Europe’s top clubs.
The club made a net profit of £900,000 ($1.35 million) in the six months to the end of December.
It was the first time since 2005 that they have had a surplus without the aid of additional income from selling players.
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