Championship clubs met in London yesterday to discuss proposed changes to the Financial Fair Play rules (FFP) in the wake of a review of their operation.
FFP was introduced in 2012 but with sanctions only imposed from this season. During 2013/14 Championship sides are limited to losses of £3 million plus a further £5 million via equity investment by owners, although some spending, such as that on academies, falls outside those limits.
After yesterday’s meeting a Football League spokesman said: "Considerable progress was achieved on potential improvements to the current regulations following a constructive debate between clubs.
"In particular, there was a focus on maintaining fair competition between clubs, in light of the substantial increase in Premier League parachute payments brought in since the introduction of FFP.
"Clubs also considered the introduction of a 'real time' approach to financial reporting instead of the current retrospective analysis of club accounts.
"The League and Championship clubs will continue developing this work in order to achieve consensus, as any changes to the current regulations will require support from 75 per cent of clubs in order to be approved."
While a number of clubs appear to have ignored the introduction of FFP, risking transfer embargoes, or fines if they are promoted to the Premier League and some are threatening legal action, Blues joint-managing director Ian Milne last month insisted that Town and most Championship sides firmly support it.
"[Those who ignore FFP] will suffer the penalties, that’s the view of the majority,” he said.
"The latest view that we’ve got is that the majority of the Championship clubs are very much backing Financial Fair Play."