Newspaper article Evening Gazette (Middlesbrough, England)

WE'LL BACK MOGGA; Pledge to Boro Boss in Big Rules Shake-Up Transfers Pledge to Mogga in Shake-Up

Newspaper article Evening Gazette (Middlesbrough, England)

WE'LL BACK MOGGA; Pledge to Boro Boss in Big Rules Shake-Up Transfers Pledge to Mogga in Shake-Up

Article excerpt

Byline: PHILIP TALLENTIRE

BORO chief executive Neil Bausor has vowed to give Tony Mowbray the maximum possible backing in the transfer market.

The Championship clubs yesterday voted to introduce new financial fair play rules that restrict how much clubs can spend.

Bausor insists Mowbray will be backed to the hilt within the limits of the rules.

And Mowbray has told the Gazette he is committed to working within whatever budget financial fair play permits.

Bausor said: "The parent company has agreed it will continue to support the club up to the maximum level possible under the new rules in order to maximise Boro's opportunities to return to the Premier League."

Club chiefs have been making provisional arrangements over the past year in anticipation of the new financial regulations and with the fair play figures now agreed will quickly fine-tune their plans for the new term.

"We will sit down and come up with a more detailed budget as soon as possible," added Bausor.

All but three of the division's 24 clubs voted in favour of introducing the model, which is based on UEFA's financial fair play regulations, and plans to curb Football League debt by limiting investment from owners and total spending. It seems the measures could seriously restrict the size of Mowbray's already tight budget. "I'll wait and see what budget I'll have to work with next season," he told the Gazette. "Of course, it will depend which division we're in. Hopefully it will be the Premier League. We'll know better after Saturday's game, but if it's the Championship, then the new rules will apply. "I guess financial fair play will favour the clubs with the largest crowds and make life harder for the smaller clubs. From my point of view, I'll work off the bottom line and stick to that as best I can." As things stand, chairman Steve Gibson is understood to be subsidising Boro to the tune of around pounds 1m a month. Owners will be allowed to invest pounds 6m next season, pounds 5m the following and pounds 3m the following season. Financial losses per season will also be curbed under the new regulations. …

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