Premier League clubs will meet next week to try to hammer out proposals for spending controls.

The 20 clubs have been split into two groups of 10 on a geographical basis, with the southern group to meet on Monday and the northern group on Wednesday. The majority of clubs are in favour of some kind of cost control measure - the sticking points are likely to be which measure is adopted and what the sanctions will be for breaking the rules.

Ideas include adopting UEFA's financial fair play system where clubs must break even, or clubs only being allowed to spend a maximum percentage of their annual income on player costs - for example 70%, the system operated by the European elite club grouping G14 a decade ago.

Copyright (c) PA Sport 2012, All Rights Reserved.

Topics:
Football
Premier League