Financial Fairplay Stalls in England; Suarez Going No Where

In English football,
Plans to introduce financial fair play rules into the Premier League remain on the drawing board, after a meeting of the 20 top-flight clubs ended without agreement. 

Although many teams are keen to ensure clubs don't spend beyond their means in the quest for success, they remain split on how best to implement such a system. 

The likes of Arsenal and Manchester United want clubs to break even every year, while others argue owners should be allowed to put in their own money to subsidise spending. 

The Premier League's discussions follow UEFA's financial rules for clubs taking part in continental competition. 

Similar rules have also been introduced by the Football League, which oversees the lower divisions of English football. 

League officials will now try to draw up detailed proposals ahead of their next meeting in February.


Meanwhile,

Fans of former FA Cup champions Portsmouth hope to takeover the club by the end of the year. 

A group representing thousands of Pompey supporters have agreed to buy the club out of administration. 

Portsmouth have a debt of almost  US$100 million. 

They went into administration in February and were subsequently relegated to the 3rd tier of English football. 

And the sale of the club to the Pompey Supporters' Trust is set to go through, but only if they can get legal clearance to buy the club's Fratton Park home ground.



Still on English football news, 

Luis Suarez says he's very happy at Liverpool and wants to stay at the club for many years. 

The 25-year-old has been linked with a move to Manchester City in the January transfer window. 

Suarez recently signed a new deal at Anfield club in the offseason. 

He's scored 11 goals in 16 appearances this season, and is the joint top scorer in the Premier League with 8 goals.

And Reds boss Brendan Rodgers said there won't be a bidding war for Suarez as he isn't going anywhere.