CITY bosses have held talks with the EFL over proposals to introduce a salary cap.

Clubs in the bottom two divisions are currently being asked to consider proposals from the EFL to tighten cost controls.

Chairman Rick Parry has already warned of a £200 million financial hole in the league by the end of September as a result of suspending the season two months ago because of the coronavirus pandemic.

A financial control working party has been set up to look at how clubs can survive by strictly limiting the wage bill from next season.

City’s current wage bill is believed to be in the region of £2.8 million – one of the highest in League Two.

Any future salary-cap amount being put forward is likely to be much lower, so the Bantams would be expected to take a drop to fall in line with the rest of the division.

“We have received some financial controls working party proposals,” confirmed City director of communications Ryan Sparks.

“We are reviewing them at the moment and will be intrigued to see how it progresses.

“We have already been in touch with the EFL and have discussed the proposals with board members.”

The salary cap discussion is likely to be on the agenda in today’s EFL Board meeting but any plans would have to go before a vote of all league clubs.

Parry last week told the Digital, Culture, Media and Sport committee that a salary cap and other cost control measures within the league were “absolutely essential”.

He said: “There is a lot of debate going on about that at the moment.

“We have an imbalance in the distribution, we have the parachute payments which cause immense stress within the Championship, so yes I do think the distribution model is a problem.

“Any model where wages are 106 per cent of turnover is ridiculous.”

The proposals sent to clubs suggest that the current salary cost management programme does not work. But others would argue that people should take responsibility for their own actions, rather than looking to blame the EFL.

Forest Green chairman Dale Vince said: “You get the odd individual who just operates on the very edge of insolvency and legality.

“With a wage cap, people like that would be more constrained and less able to do real harm.”

The EFL will also consider the unanimous reaction from League Two clubs on Friday to end the incomplete season – and the controversial issue of scrapping relegation.

The final table will be decided on a points-per-game format , with the Bantams finishing in ninth place.

City and Grimsby are believed to be the only teams canvassed in the division who feel that somebody should still go down to the National League this season.

Barrow, who finished top of the curtailed conference, are still waiting to hear if they will be promoted – and there are doubts whether a second non-league team would be allowed up unless one was relegated to replace them.

The final decision will rest with the EFL and FA, who could well ignore the majority view of the League Two clubs and send a club down anyway.