Clubs agree to tighter spending controls
Premier League clubs have voted overwhelmingly for spending controls including financial fair play and restrictions on salary increases, West Ham's co-owner David Gold has confirmed.
Full details of the agreement will be announced by the Premier League later on Thursday afternoon but Gold said that the proposals for controls had received the backing of the majority of top-flight chairmen.
He said: "We have all voted and it was overwhelmingly supported, not by all the clubs - some are a little concerned - but the vast majority of the clubs voted in favour."
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