Premier League Delays New Financial Rules

Designed to prevent teams from overspending, the profit and sustainability rules (PSR) of the Premier League will remain in force for at least one more season, therefore postponing the implementation of a new set of financial rules.

One of the subjects on the agenda, the so-called Squad Cost Rules (SCR) was discussed when the clubs gathered in London on Thursday.

Agreed that they would not be ready in time for next season, teams opted to keep debating the new rules even though no vote was taken.

This implies that the 2015–16 established profit and sustainability guidelines would stay in effect. PSR lets clubs lose no more than £105 million over a three-year cycle.

Unlike UEFA’s financial sustainability guidelines, which are set at 70%, SCR’s suggested rules would restrict clubs’ expenditure on player wages, transfers, and agents’ fees to 85% of their income.

Among the clubs that have attacked PSR for restricting their spending power during transfer seasons are Manchester City, Newcastle United, and Aston Villa. Between a period beginning in 2009 and running through the 2022-23 season, city are accused of violating 115 financial regulations. An independent commission had a 12-week hearing ending on December 6; next month’s projected decision is much awaited.