• New technology will be in place for 2013-14 season
• Clubs also vote to ratify new financial regulations
The first day of the 2013-14 Premier League season will be the start of a new era after clubs voted to use Hawk-Eye's goalline technology system and ratified new financial controls intended to curb wage inflation.
The British-based company Hawk-Eye, which rose to prominence with its involvement in tennis and cricket before being acquired by Sony, is understood to have been chosen over the German firm GoalControl to provide the camera-based technology, which instantly relays to the referee whether a goal has been scored. It will be installed at all 20 Premier League grounds during the close season, paid for out of central Premier League funds.
Goalline technology was finally ratified by the International FA board this year after a long debate and a campaign led by the English FA. The Frank Lampard "ghost goal" against Germany at the South Africa World Cup in 2010 convinced Fifa's president, Sepp Blatter, to change his mind, swinging the argument for those in favour.
Although the technology will be used in every Premier League fixture, it will have to be switched off for Champions League and Europa League ties because Uefa, whose president Michel Platini is a longstanding opponent of the use of technology, has not ratified its use.
The Premier League first began exploring the possibility of using goalline technology in 2006 and its chief executive, Richard Scudamore, has been a longstanding proponent.
"Football is fundamentally a simple game; whichever side scores most goals wins. So, when one is scored, or indeed not scored, and we have the ability through technology to definitively know whether the ball crossed the line we should absolutely use it," he said on Thursday.
"Principally it is about getting it right. Fans, players and managers exhort, strain and stress respectively for their teams to score or prevent goals being scored, so we as administrators should do all that we can to ensure the correct decisions are being made."
The England manager, Roy Hodgson, also welcomed the introduction of the technology, which will also be used by Fifa in the 2014 World Cup and by the Football Association at Wembley, as "momentous".
"I'm happy about it and it's obviously something that people in football have wanted for a long, long time," said Hodgson.
Lampard welcomed the move, saying: "It's a no brainer. It's been a bit of time coming, but they got there in the end."
Of the move being a good one for football, the Chelsea midfielder added: "I think it's a simple thing. I think it will bring an excitement factor on the times that it is used and it will just give you the correct answer, which I think at this level, when it's so important, we need that."
The meeting also ratified the Premier League's new financial regulations, which will come into force next season despite being approved by the narrowest of margins at the previous shareholders' meeting.
Manchester City, Aston Villa, Fulham, Southampton, Swansea City and West Bromwich Albion had voted against the regulations, while Reading abstained. The controls seek to ensure that the £5.5bn TV-rights bonanza does not flow directly into the pockets of players and agents and that clubs are run on a sustainable basis, for a variety of reasons.
Some clubs, such as Swansea and West Bromwich Albion, claimed they were perfectly capable of managing their own balance sheets. Others, such as Manchester City, fear that rivals such as Manchester United and Arsenal see the rules as a way to gain competitive advantage.
Thursday's meeting, with five against and one abstention.
All 20 clubs will now have to comply with rules that state that those with total player costs of more than £52m (13 of the 20, according to latest figures) can only increase the total bill by £4m from their pot of additional TV revenue. The following season they can add an additional £8m and another £12m in 2015‑16. But additional money earned from commercial deals and match-day income can also be put towards the total – which could put pressure on ticket prices.
Under parallel rules to limit long-term losses, clubs can lose a total of £105m over a rolling three-year period, starting next season. Losses must be covered by owners and future funding guaranteed for the next three years – arguably the most significant measure, as it will prevent clubs being left in the lurch with unsustainable wage bills.
As with Uefa's Financial Fair Play rules, investment in infrastructure and youth development can be written off. The hope is that it will discourage short-termism and encourage more sustainable investment.