Salary cap in Premier League is the future, says Hull City chairman

If the cap fits: Adam Pearson wants a salary capHull chairman Adam Pearson believes a salary cap based on apercentage of turnover could improve the financial health of football. 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.  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.  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.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.   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.   '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.  'The rest could then be used on improving the infrastructure of the club. It is not rocket science.' 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  

Source: Daily_Mail