Premier League agrees new financial regulations

The 20 Premier League clubs have agreed to the imposition of new financial regulations which will come in to force from the start of the 2013-14 season. 

They will not be allowed to make a loss above £105m, aggregated across the 2013-14, 2014-15 and 2015-16 campaigns.
The clubs have also agreed to limit the amount they can spend on player salaries from central Premier League funding - essentially TV income.
Uefa have already introduced financial rules for European competitions.

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