I read an article a while back regarding the Football league agreeing to follow UEFA's financial fair play rules. I personally think this is fantastic and should in the long term mean football clubs are more secure and less are forced into Administration.

There is also a rule which is currently active in League 2 and which will also be added for league 1 from this season that clubs can spend no more than 55% of their annual turn over on player wages. This was reduced from 60% last season in league 2 and its new for league 1 this season. I would like to see these rules go a bit further and make clubs be actively trying to reduce their outstanding debt. I don't just mean paying off the interest but actually working to reduce their net debt season on season.

This would be particularly relevant to Manchester United who do appear to be reducing the debt which since the beginning of last season the debt appears to have fallen from £750m to under £500m since the Payment in Kind loans were paid off. What is worrying is where did that money come from. Is there more debt somewhere?.

I really would like something in place to force clubs to be bringing down their net debt. Whether this be through building up cash reserves until the time the loans have to be paid off or by actively paying more than just the interest. I am not naive enough to believe that there would be one size fits all solution as every loan and debt has different terms attached to it but I am a firm believer something has to be done. For reference the article I mentioned before can be found here: http://news.bbc.co.uk/sport1/hi/football/13724949.stm. While this isn't a perfect solution to footballs growing debt problem. It is a good first or second step along in the process, I am also sure that some clubs will find a way around it.