League One clubs aim for further curbs on spending as budgets continue to spiral

The Guardian

Wage bills in third tier have increased by 15% this season ‘Luxury tax’ and three-year limits on losses considered League One clubs want to introduce new spending restrictions to reduce losses by limiting investment from owners. Clubs in the division voted to tighten the rules last summer by reducing spending limits from 60% to 50% of turnover, and removed a staggered approach to owner investment, so that only 50% of equity injections can be spent on squad costs, with the rest assigned to infrastructure projects. Less than six months later many want to go further.