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Blatter Slams Premier League Over Debts

By NBF NEWS
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FIFA President Sepp Blatter has criticised the amount of debt in the Premier League although he ruled out the introduction of a salary cap as a way of preventing more clubs entering administration.

Blatter is concerned at the plight of Portsmouth, who recently went into administration and are facing relegation to the Championship after receiving a nine-point penalty, and blamed high player wages for the problems of others, including Manchester United.

He told CNN International,'I think something is wrong with the Premier League. To let a club go into administration, this is not good. They have two clubs in the Premier League who are not in debt. Why, because they have two sponsors and they have taken away the debt. These clubs are Chelsea and Manchester City.

'And all the others even the big Manchester (United), the big Manchester I think they are just able to pay the interest of their debt but there are clubs that are not even able to pay the interest of their debt.'