Salary cap call from Gazidis
Posted by goonerlad on July 2nd, 2009
The Premier League needs to adopt a salary cap in a bid to achieve financial stability, according to Arsenal chief executive Ivan Gazidis.
Manchester City’s spending since the close of last season has dominated the back pages as reports of astronomical fees and wages become commonplace.
With Chelsea and a cash-rich Manchester United also expected to open their chequebooks freely in the close-season, more heavy investment is anticipated from the top flight’s biggest spenders.
Arsenal remain determined to stay on an even keel financially and Gazidis has called for a greater responsibility from Premier League clubs.