Football League chief backs FFP rules
- From the section Football
Football League chairman Greg Clarke says "as many as seven" Championship clubs could have entered into administration if new financial regulations had not been introduced.
Twenty-one of the 24 clubs voted for the new fair play rules, which come into effect from the 2014-15 season and will limit investment from owners and curb total spending.
Championship clubs will be fined millions of pounds or put under a transfer embargo if they make losses of more than £6m.
Clarke believes the new regulations will also ensure a "more competitive" Championship in future.