The Premier League look set to bring in new financial rules from the start of next season with club ‘unanimously’ agreeing on new regulations during a meeting on Thursday afternoon.
Aston Villa are one of the clubs to be impacted by the current Profitability and Sustainability Rules (PSR). It is possible in their current guise, in forcing Villa to sell players in the summer in order to stay in the limit.
Both Everton and Nottingham Forest have been deducted points this season due to a breach of the rules. Championship side Leicester City have also been charged with a breach and could face a possible points deduction at the start of next season if they earn promotion back to the Premier League.
According to the Athletic , two votes took place during the shareholder’s meeting, with the first being to progress discussions on the Premier League squad cost rules and the second on how the new rules will be phased in. Both were passed, the first unanimously, and the second by a ‘strong majority’.
It is said that the new rules will be similar to that of UEFA’s which will see clubs only allowed to spend a set percentage of their income on the wage bill as well as the full cost of transfer fees and agent fees. It is reported that for clubs in European competition, the limit will be 70 percent, while for clubs outside of Europe it will increase to 85 percent.
Before the new rules officially come in, they myst still be fully ratified at the annual general meeting (AGM) between all 20 Premier League clubs in June. If that happens, then it will be added to the Premier League rulebook in the summer.
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