MANCHESTER, England - Premier League clubs agreed Friday to introduce spending caps in England's top competition starting next season. Clubs' on-field spending will be limited to 85 % of their football revenue and net profit or loss from player sales. There will also be an additional 30 % allowed - but clubs face a points deduction if they exceed this limit.
England's top football clubs have voted in favour of introducing new financial rules on „Squad Cost Ratio“ (SCR) and „Sustainability and System Resilience“ (SSR). They replace the „Profitability and Sustainability Rules“ (PSR) which have led to points deductions for Everton and Nottingham Forest in recent years.
The league said the new rules are more in line with those used by European football's governing body UEFA. It said the new rules „promote the opportunity for all its clubs to strive for greater success while protecting the competitive balance and compelling nature of the league.“ The team's costs cover player and head coach salaries, as well as agent fees and transfers.
Football-related income refers to the total earnings from football operations - including income from the league and other competitions. The league has indicated that revenue generated by clubs may include commercial agreements and net profits from non-football events held at the stadium, such as concerts.
gnews.cz - GH
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