Follow usPremier League clubs have reached an agreement in principle to implement a spending cap, marking a significant shift in the league’s financial regulations. The proposed spending cap will be determined by the television rights earnings of the lowest-earning club in the Premier League.
If ratified at June’s Annual General Meeting (AGM), the new spending cap model will replace the existing Profit and Sustainability Regulations starting from the 2025-26 season onwards.
🚨🏴 𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆 | Premier League clubs have AGREED to a spending cap! 🏦
Man City, Man United and Aston Villa were the teams that voted against it, reports @martynziegler. pic.twitter.com/sHiT8b5gi4
— EuroFoot (@eurofootcom) April 29, 2024
The current financial regulations have faced criticism for allegedly favoring clubs with the highest revenue, leading to penalties for clubs like Everton and Nottingham Forest during the current season.
BREAKING 🚨: Premier League clubs have voted in principle to introduce a spending cap 💰 pic.twitter.com/Sj9CjaCyGl
— Sky Sports News (@SkySportsNews) April 29, 2024
The new spending cap model, dubbed “anchoring,” aims to create a more equitable financial landscape in the Premier League by tying spending limits to the earnings of the league’s lowest-earning club. This move signifies a concerted effort by Premier League clubs to address concerns of financial disparity and promote a more level playing field within the league.
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