Charlton Athletic chief executive Charlie Methven has given his verdict on new spending controls that will be enforced at League One and League Two level from next season.
The EFL is hoping the changes will reduce the financial losses made by clubs at that level.
It will restrict the amount that owners can spend on player wages and transfer fees.
Owners in League One that put £1million or more into a club will only be able to spend 60 per cent on player-related expenditure. That percentage drops to 50 per cent for League Two clubs.
League One clubs will, under the new rules, only be able to spend 60 per cent of other income made from things such as prize money, transfer fees received or cup earnings. Previously that could all be spent on the playing squad.
Owners will be able to spend as much as they want on non-player related expenditure.
“Over the next few years it is going to be a really significant change to the whole landscape which is part of the theme of why we bought Charlton,” Methven told the South London Press.
“It (Charlton) was such a good and interesting club to invest in but they have really tightened up the amount of equity the owners can put in to the first team.
“Now even the amount of equity you can put in is being limited and ultimately is on a roadmap to, as with UEFA rules, to effectively be eviscerated.
“It means that those clubs that have strong academies [will be in a healthier position]. Most of our U21 players don’t get included in those calculations and, secondly, the U21 players that come through, and generally speaking, on their first or second contract, are on lower salaries as well. On top of that, because you are being judged on a percentage of revenues, the sale of players gets included into your revenue, you also get given a higher allowance in terms of what you can spend on first-team wages.
“These are changes which are long overdue but we, as a club, are absolutely delighted to see being voted through.”
Methven has revealed that external advice has been sought over the playing surface at The Valley.
A new Desso GrassMaster pitch was laid in the summer.
But Charlton manager Nathan Jones recently talked about the surface being difficult to play on in recent weeks.
Asked about that, Methven said: “We have played many, many more matches on that pitch than has been been the case in the last two years. That is a fact.
“On top of the men’s first-team matches, there has also been something like eight or nine women’s matches and three or four U21 matches.
“There has been a lot of football played on it.
“The performance of the pitch overall, thus far, has disappointed us. The expectation with these type of pitches is that you get your best years in year two, three and four – certainly three and four. The first year tends not to be your best year as it beds down and knits in.
“Nonetheless we are disappointed in the performance of it and we are taking quite a bit of advice from experts at the moment on how to make sure that come next summer we get it into as good a place as it can possibly be.”