MILLWALL have been spared a series of transfer embargoes after changes to Financial Fair Play were voted through.
A 75% majority of Championship clubs agreed for rules on spending to be relaxed at an emergency meeting last week.
From next season, clubs in the second tier will be allowed to lose £13million-a-year – a whopping increase from £5m.
And that is good news for the Lions, chairman John Berylson has told the Southwark News.
Berylson said: "If the rules had stayed the same we absolutely would have been above the limit for several seasons. We would have been dead.
"This change takes us from being in violation of the rules to being out of violation. We'll be on an even keel."
The old regulations still apply for the remainder of this season, meaning Millwall's plans for the January transfer window won't be affected.
And the club will almost certainly be placed under a one-off embargo in a year's time because of the current £10.2m playing budget.
"It's likely we'll lose one transfer window," Berylson confirmed, "but after that we won't be penalised."
In the future, Berylson will have the option to spend "real money" on new players – but first he and manager Ian Holloway want to reduce the size of the squad.
"I'm not going to start losing £13m just because I can," he added.
"We have a lot of players on the payroll who aren't playing – that's millions of pounds tied up.
"Our budget is about £10m at the moment but I think we could make less stretch further next year by having a more efficient squad.
"That would leave all sorts of possibilities open because Ollie would then have room to sign somebody for real money – a ten or 15-goal striker.
"It means we can go for it once – and I can live with that. If we identify somebody that we really need, we will be able to go and get them."
Previously, bigger crowds at The Den were needed to increase Holloway's budget – and Berylson regularly appealed for more fans to come to games.
"I still need the fans but we've been at a huge disadvantage," he said. "We have great fans but not enough of them.
"The Cardiff and Blackburn managers both said that the passion of our fans is enormous, even though we don't get big crowds.
"A lot of clubs in the Championship get twice as many fans going to games but they're quiet, whereas our fans do a lot for the team.
"So changing the rules is a good move and gets us in line with how they do things in the Premier League."e