Premier League clubs unanimously agreed in principle to introduce new Financial Fair Play rules from next season at a meeting in London on Thursday.
Profitability and Sustainability Rules (PSR) which have capped the amount clubs can spend over the past decade are set to be scrapped from the start of the 2025-26 season and replaced with a ‘cost control’ rule. teams” similar to that of UEFA. adopted in 2022.
The new system, which still needs to be fully ratified at the Premier League’s annual general meeting (AGM) in June, will operate as a shadow of the existing PSR regime next season.
There were actually two votes at Thursday’s shareholders’ meeting. The first, which received unanimous support, was to progress discussions on the finer details of the Premier League team cost rules, with a view to adding the new regime to the regulations this summer. The second, supported by a strong majority, concerned how the new regulations would be gradually implemented.
Under the proposed new regime, clubs will only be allowed to spend a set percentage of their annual turnover on the payroll of the first team and its coaching staff, plus the amortized costs of their compensation. transfer and all agent fees.
Contrary to recent reports, clubs that break Premier League rules will still be subject to points deductions.
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Premier League agrees to new Financial Fair Play rules for next season