Posted: Thursday February 7, 2013 9:35 AM

Premier League clubs agree cost-control measures

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LONDON (AP) -English Premier League clubs have responded to concerns about spiraling wages by agreeing to impose spending controls as part of UEFA-style financial fair play regulations.

UEFA warned on Monday that the failure to control salaries, which have risen 40 percent at leading European clubs in five years, was endangering the future of football on the continent.

And the Premier League is keen to ensure the expected $8 billion being generated by a new three-year television rights deal isn't frittered away by clubs.

West Ham co-chairman David Gold says clubs voted overwhelmingly on Thursday to adopt a cap on wage increases.

Exact details weren't immediately available.

 
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