Premier League clubs have agreed to bring a formal vote to the next AGM on introducing a total spending cap for next season.
It is understood that 16 clubs voted in favor of the new guidelines, with Chelsea abstaining and the three dissenting votes coming from Manchester City, Manchester United and Aston Villa.
Using a concept referred to as “anchoring” or “tethering”, it is expected that spending on transfers, wages and agents’ fees will be tied to the amount lower league clubs receive in broadcast revenue. is, which imposes a strict limit on clubs. Emissions in these areas. In principle, the idea is to prevent a widening of the financial tussle that is increasingly being seen between the top and bottom ends of the league. In reality, this may mean that excessive and lucrative sponsorship deals made by the richest clubs have no additional impact on their spending power, if their revenues are already minimal. The anchoring of wealthy parties is more than money.
Clubs have already agreed to change the current Profitability and Sustainability Rules (PSR) from 2025-26, limiting club spending on salaries, signings and fees to 85 per cent of total revenue instead of cost controls. with.
The Premier League’s AGM in June requires 14 of the 20 clubs to agree to the motions to approve the proposals.
Crystal Palace chairman Steve Parrish has urged members to “be bold” in implementing measures to ensure competition is balanced in the Premier League, amid fears that state-owned clubs in particular could face spending cuts. can increase to extraordinary levels.
“I think change is coming. UEFA’s squad cost cap is one idea. Maybe something a little more stringent, with a hard cap on top, which takes turnover into account. doesn’t, where there are ambiguities of how that turnover occurs,” Parrish added last year.
“There’s a really positive conversation about it. We also have to be very careful because it has unintended consequences. Hopefully we’ll find somewhere that’s not just for Premier League clubs but the whole pyramid. And will be beneficial to their coping ability.
The plan is reportedly for clubs to fully agree a contract structure to be implemented in “shadow form” for next season, before new cost controls are introduced the following campaign. To be governed formally.
Credit : www.independent.co.uk