Premier League 2024–25: EPL Clubs Agree To Trial Two New Spending Cap Systems
The league said the systems aimed to “improve and preserve clubs' financial sustainability and the competitive balance of the Premier League” as well as “promote aspiration of clubs.” The league's current financial regulatory system, “Profitability and Sustainability Rules,” will remain in place while the alternatives are being trialed.
Premier League clubs will trial two new forms of spending caps from next season, the league said Thursday. Teams in England's top division will trial a “Squad Cost Rules” system, limiting spending on players to 85% of a club's soccer revenue and net profit or loss on player sales. A second system called “Top to Bottom Anchoring” limits — or anchors — spending to a multiple of the lowest combined prize money and cash from TV rights forecast to be earned by a team. Premier League Associated Party Transaction Rule Change Could Alter English Football Amid Manchester City’s Reported Legal Action.
The league said the systems aimed to “improve and preserve clubs' financial sustainability and the competitive balance of the Premier League” as well as “promote aspiration of clubs.”
The league's current financial regulatory system, “Profitability and Sustainability Rules,” will remain in place while the alternatives are being trialed. The trials were non-binding, the league said. Under PSR rules, which allow clubs to make losses of up to 105 million pounds (USD 134 million) over three years, Everton and Nottingham Forest were handed points deductions last season.
(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)