England: Championship (second division) increases financial loss allowance for clubs

The Football League (English 2^nd, 3^rd, and 4^th divisions) and the clubs of the Championship (2^nd division only) have agreed to new financial fair play regulations authorising increased losses over a three year period, the Football League announced on 06/11/2014.

The new rules will allow Championship division clubs to have up to £13m (€16.5m) in losses per year, and up to £39m (€49.5m) over a three year period. The new financial fair play rules for the Championship are called the 'Profitability and Sustainability' regulations, and will go into effect with the 2016-17 season.

• The existing financial fair play rules for Championship clubs allow £3m (€3.8m) in losses for 2014-15, extendable up to £6m (€7.6) with owner investment.
• In 2015-16, the rules will allow only £2m (€2.5m) in losses, extendable up to £13m (€16.5m) with owner investment.
• The clubs in the Barclays Premier League are allowed up to £35m (€44.4m) in losses per year.
  
  • From 2016-17, promoted and relegated clubs will be authorised losses over a three year period based on the divisions the club has played in.
  • For…