Wigan chairman Whelan urges Premier League to get tough on debts

15 February 2010 13:10
The Barclays Premier League has been urged to implement stricter financial regulations by Wigan chairman Dave Whelan.[LNB]Whelan has written to Premier League chief executive Richard Scudamore suggesting a limit on borrowings as Portsmouth's perilous financial position leaves many clubs fearful for the future.[LNB]Whelan said: 'I sent a letter to the Premier League, saying, 'Can we have an agreement that we can only borrow 25 per cent of our individual club's turnover?'[LNB] Times of trouble: Cash-strapped Portsmouth are on the brink due to debts[LNB]'There should be a limit on borrowings - not as a set amount, but as a percentage of turnover.[LNB] City banker Harris: We're ready to buy United from the GlazersAvram Grant hails Pompey heroes after cup win over SaintsWIGAN ATHLETIC FC

Source: Daily_Mail