Premier League clubs agree new rules to control spending
England’s top football clubs continue to cajole the financial rules for the Premier League with a vote today ushering in a new trial aimed at being a better ‘financial fair play’ model.
The new frameworks, the Squad Cost Rules (SCR) and Top-to-Bottom Anchoring Rules (TBA), are intended to operate alongside the controversial existing Profitability and Sustainability Rules (PSR).
It comes in the same week that Manchester City – which separately faces 115 Premier League charges related to the league's financial rules – launched a new legal challenge against the league operator.
Earlier in the season, Everton FC and Nottingham Forest breached the PSR rules.
According to today’s proposals, the SCR aims to limit the amount clubs spend on their squads to 85% of their revenue and net profit/loss on player sales, whilst the TBA intends to be a pre-emptive measure to protect the competitive balance of the league.
"The TBA is a League-level anchor linked to football costs, based on a multiple of the forecast lowest central distribution for that season," the league explained.
With Manchester City’s legal challenge also underway, and its 115 charges due to be heard in November, this season's latest trial of financial fair play rules will no doubt be an important focus for football administrators in the coming year.
