Football League chief backs FFP rules

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.