Premier League clubs have agreed in principle to implement new financial rules next season, which will replace the current Profitability and Sustainability Rules (PSR). The new rules will limit clubs to spending 85% of their revenue on transfers, wages, and agents fees. The decision will be finalized at the Annual General Meeting in June.
clubs have agreed in principle to introduce new financial rules next season, voting on Thursday to go ahead with squad cost ratio rules to replace the current Profitability and Sustainability Rules , a source said.
PSR will still be in place next season with a transition period in 2024-25, as will points deductions, which will also remain part of the new rules once adopted. Although the season ends on May 19, the Premier League announced a backstop date of May 25 for all appeals to be concluded. According to Premier League guidelines, clubs are at risk of breaching PSR if they incur more than 105 million pounds in losses over three seasons, which amounts to 35 million pounds annually.Last year, treble winners Manchester City were referred to an independent commission over more than 100 alleged breaches of finance rules, but no verdict has been reached in that case. City have denied any wrongdoing.
Premier League Financial Rules Profitability And Sustainability Rules Squad Cost Ratio Spending Limit Revenue Transfers Wages Agents Fees Points Deductions Appeals
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