14 out of 20 Premier League clubs voted to adopt a "Squad Cost Ratio" system, limiting player wages and transfers to 85% of revenue.

The league has discovered conscience at the exact moment broadcasters start worrying about scandals, what a coincidence. Ratios and thresholds will give journalists something to quote, but they will not change the basic truth that he who owns the largest chequebook still writes most of the plot. Call it reform if you wish; I call it a new costume on the same old play.

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