Source: Daily_Mail
Salary cap in Premier League is the future, says Hull City chairman
If the cap fits: Adam Pearson wants a salary cap[LNB]Hull chairman Adam Pearson believes a salary cap based on apercentage of turnover could improve the financial health of football. [LNB]Pearson returned to Hull this season after a stint with Derby andthis week outlined his plans to cut the Tigers' wage bill by around£9million to prevent the club plunging into serious financialdifficulty. [LNB] Hull were virtually debt-free when they won promotion to the topflight in 2008 but their spending since, in attempting to compete inthe Barclays Premier League, has been damaging. [LNB] They have several players on high wages who Pearson would like tosee leave, but finding clubs who are prepared to take them on theircurrent terms is a difficult task.[LNB]Pearson believes the game would benefit if clubs have limits imposedon their wage bill, which could help to prevent circumstances such asthat which Hull are facing. [LNB] He told the Yorkshire Post: 'Clubs have to have a grip on wages and that is why I believe a salary cap would be in the interests of football. [LNB]'If a club has a turnover of £50million, for instance, then 55-60 per cent would be an acceptable amount to spend on wages with maybe a further £1.5million to be paid on agents' fees. [LNB] 'The rest could then be used on improving the infrastructure of the club. It is not rocket science.'[LNB] HULL CITY FC: All the latest news from across the webHull boss wants Daniel Cousin and Seyi Olofinjana to quit Africa and come homeJANUARY TRANSFER WINDOW 2010: All moves at every Premier League club[LNB] [LNB]
