The 24 Championship clubs have voted against implementing four proposals aimed at changing the Financial Fair Play (FFP) rules.

Concerns regarding the effect that the increased Premier League parachute payments might have on the competitiveness of the division and threats of legal action by some clubs led to a review of the rules.

The four proposals, three to increase the permitted level of losses to £10 million, £11.4 million or £12.8 million, and one to move to a real-time assessment of financial figures rather than the current retrospective analysis, failed to reach the required 75 per cent mark in the vote.

Football League chief executive Shaun Harvey said: "While a majority of clubs did vote in favour of each of the four proposals, they did not achieve the 75 per cent support required.

"We will now continue the positive and collaborative dialogue we have had with Championship clubs on this issue to see if there is any appetite for alternative forms of change."

FFP was introduced by Championship clubs in 2012 but with sanctions only imposed from 2013/14.

During 2014/15 Championship sides will be limited to losses of £3 million plus a further £3 million via equity investment by owners, although some spending, such as that on academies, falls outside those limits.

A number of clubs appear to have ignored the introduction of FFP, risking transfer embargoes or hefty fines if they are promoted to the Premier League.

Photo: Action Images

Marcus_Evans added 16:40 - May 21 Good news for us, not such good news for teams like Bournemouth, Forest, Brighton and of course QPR
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tractordownsouth added 16:51 - May 21 Good. It seemed that the clubs who overspent were looking for two bites of the cherry, whoch would be unfair on us as we have managed the budget tightly and efficiently to comply with these rules. This second vote should never have happened. They voted it in before- now they must deal with the consequences.
6

jas0999 added 17:21 - May 21 Still interested to see what happens to clubs that ignore and there will be a significant number. Have Leicester been fined?
5

Cloddyseedbed added 17:37 - May 21 I just can't wait to see what fines or punishment is dished out to the offending clubs. Will they be penalized enough or will clubs who have stuck to the rules be penalized more? It's time for the FA to show us all how tough they are going to be, or not!
7

im_marcacus added 17:39 - May 21 21 of us are still stranded, with the newly minted relegated teams forming a yo-yo club elite.. just as the Champs was reaching a pinnacle of relative equalibrium. £3M losses compared to £60M TV war chest, puhleeeeease
4

runaround added 17:54 - May 21 Jas, I believe fines and/or transfer embargoes don't start until January so I doubt Leicester will have been fined yet. I think the amount they are fined is a % of how much they have overspent. It's about time football puts it's house in order financially, hopefully Evans policy of adhering to the rules will give us an advantage in Jan window when the likes of Forest & Brighton have embargoes

5

tortoise added 18:52 - May 21 Why does it say will have embargoes or have fines if they are promoted to the premier league? Shouldn't it happen before that or am I missing something!?
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RYITFC added 18:58 - May 21 Tortoise- If the club is still in the championship they will get a transfer embargo that will only be lifted once the club is complying with FFP rules.
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Sibelius8 added 19:15 - May 21 "Two bites at the cherry" (Thanks, "tractordownsouth" for the thought!) is most pertinent to Bournemoth, metinks!
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brittaniaman added 19:23 - May 21 Fines are really not going to affect clubs with the rich Bosses ?? Man. City one example !! pocket money for there owner ?? BUT If the FFP was to deduct points as well, that is where it would hurt these rich clubs
3

tortoise added 22:20 - May 21 That's what I thought RYITFC, the wording in the article just didn't make that clear. Cheers for reassuring me tho!
0

essexboy added 07:21 - May 22 Jas,fines don't start before January 2015.They will be fined as stated in the press last month.I say teams that break the rules should have points deducted or be relegated.The FA should come down hard on these rule breaking clubs.!
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SouperJim added 09:30 - May 22 Looking forward to seeing those who have taken the mick get their fingers burnt. Let's hope the league stand firm.
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Stretchyboy added 09:48 - May 22 I agree totally that the comment about clubs being punished ONCE (if) they are promoted makes a mockery of the whole purpose of the FFP sanctions. Clubs should be punished both financially and by points deductions - that will be the only way to stop them from flounting the rules. A club could therefore spend 10m on players, if they get in the prem, then they will be fined a small amount compared to the £60m+ they will get from being in the prem - no wonder clubs like Leicester don't give a hoot about the punishment. Until they have serious punishments, then to me it's a complete waste of time!

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Walk_the_Wark added 19:28 - May 22 Points deduction is the only way
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Smithy added 20:48 - May 22 Get rid of these ridiculous parachute payments, if not in Premier League and can't get your house in order after relegation then you deserve to struggle, not get rewarded for a further 3 years for demotion. What other profession would you get rewarded for a further 3 years for not succeeding?? Obvious case of Premier League not understanding the great English league structure and only seeing the bigger more £££££ picture.

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SanDiego added 04:14 - May 23 Bang on Smithy, if clubs can't handle their own finances then they deserve to go under.
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