After a Premier League chairmen's meeting on
Thursday, 20 chairmen voted by 13 to six - with one abstention - to implement two significant controls to the way their clubs spend money.
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Firstly, they committed to cutting players' wage
bills from next season, while also agreeing to
restrict the amount of losses clubs can make to £105 million over three years.
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Clubs whose total wage bill is more than £52m
will only be allowed to increase their wages by
£4m per season for the next three years, though that cap does not cover extra money coming in from increases in commercial or matchday income.
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Any club breaching the rules will face tough
sanctions and Scudamore told reporters that he would be pushing for points deduction.