How would it work though? Club debts not to be allowed to rise above 10% of their turnover per year - something like that? So if a clubs annual turnover is £50M they can't have a debt larger than £5M?
Would that stop obscene wages and transfer fees? Or would clubs find a way around it? The ideal scenario is players not being payed more than say £30,000 a week and a maximum transfer sum of £10M but is that workable?
As you can tell I ain't an accountant.