Arsenal manager Arsene Wenger believes spending controls in the Premier League will help establish the "real size" of clubs.
The 20 Premier League club chairmen were presented with a range of possible financial controls to limit spending at a meeting on Thursday and will consider all the options later in the year.
Gunners boss Wenger feels measures such as UEFA's financial fair play rules - meaning clubs can only spend what they earn - should be introduced.
The rules would effectively prevent wealthy benefactors from injecting huge amounts of cash in order for a club to buy success - as has happened with Chelsea and Manchester City.
Wenger, speaking at a coaches' forum at UEFA's headquarters in Switzerland, said: "You should just get the resources you generate, that will determine the real size of the club.
"I personally am a long-time defender of financial fair play because I believe in the strength of purely football."
Although no final decision was taken at Thursday's Premier League meeting, West Ham co-owner David Gold claimed the majority of clubs are in favour of financial controls.
There are a range of controls possible such as limiting the wages to turnover ratio or adopting a model where clubs must break even.
Alternatively, Sunderland chairman Ellis Short has proposed a rule whereby clubs could only increase wages by a maximum of 10% over the three years from this season onwards.
But it is believed that several clubs, including Fulham, Chelsea, Manchester City and Everton, are opposed to the restrictions.
Gold told Bloomberg: "I think that there are 14 clubs that are ready for change. I think there are more. There could be as many as 17 clubs.
"There'll be a few who this won't suit but you've got to say what's in the best interest of the league as a whole."
At least 14 clubs must vote in favour of spending controls for the league to introduce the new rules.