The Premier League says its clubs will be punished with a points deduction if they breach new spending controls.
The 20 teams will not be allowed to make a loss above
£105m over the next three seasons, while from 2013-14 they must limit
their player wage bills.
"If people break the £105m we will look for the top-end ultimate sanction range - a points deduction," said Premier League boss Richard Scudamore.
He confirmed a disciplinary commission will deal with any broken rules.
"Normally we stay silent on sanctions as the commission has a free range, but clearly if there is a material breach of that rule we will be asking the commission to consider top-end sanctions."
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