Championship clubs have voted to relax the rules on Financial Fair Play.
But most of the changes will not come into force until 2016-17.
The alterations were agreed at an EGM attended by Albion chief executive Paul Barber and representatives of the rest of the Championship clubs at Derby's iPro Stadium today.
The new set of ‘Profitability and Sustainability’ regulations will bring the second tier approach to FFP in line with the Premier League.
From 2016-17 season Championship clubs will have their financial performance continuously monitored over a three-season timeframe.
They will be allowed to lose up to £15 million in total between 2016-17 and 2018-19 without specifying how the loss will be funded.
The permitted loss rises to £39 million subject to additional regulation, including evidence of secure owner funding and future financial information.
Clubs relegated from the Premier League and the Championship will have extra leeway, a maximum pernmitted loss of £61 million based on a season in the former and two seasons in the latter.
Sanctions, including fines and a transfer embargo, for breaching the rules last season will remain in force, together with the maximum loss of £6 million for the current campaign.
Clubs have agreed transitional arrangements before 2016 to smooth the process, including an increase in the allowable loss next season to £13 million.
Original article
But most of the changes will not come into force until 2016-17.
The alterations were agreed at an EGM attended by Albion chief executive Paul Barber and representatives of the rest of the Championship clubs at Derby's iPro Stadium today.
The new set of ‘Profitability and Sustainability’ regulations will bring the second tier approach to FFP in line with the Premier League.
From 2016-17 season Championship clubs will have their financial performance continuously monitored over a three-season timeframe.
They will be allowed to lose up to £15 million in total between 2016-17 and 2018-19 without specifying how the loss will be funded.
The permitted loss rises to £39 million subject to additional regulation, including evidence of secure owner funding and future financial information.
Clubs relegated from the Premier League and the Championship will have extra leeway, a maximum pernmitted loss of £61 million based on a season in the former and two seasons in the latter.
Sanctions, including fines and a transfer embargo, for breaching the rules last season will remain in force, together with the maximum loss of £6 million for the current campaign.
Clubs have agreed transitional arrangements before 2016 to smooth the process, including an increase in the allowable loss next season to £13 million.
Original article