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

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According to the Guardian by Matt Hughes, League One clubs want to introduce new spending restrictions to reduce losses by limiting investment from owners as wage bills in the third tier have increased by 15% this season. Less than six months after voting to tighten rules, many want to go further. The Guardian has learned that two proposed models are being considered: a cap on the amount clubs can lose over three years, and the introduction of a luxury tax by which 50% of owner investment above a capped threshold would be redistributed to their rivals, with the former proposal seen as the favoured outcome. These discussions follow the publication of the State of the Game report by the Independent Football Regulator, which showed that 94% of clubs in the EFL and National League are loss-making, with average losses per club in League One reaching £7.5m last season.