Premier League clubs agree to trial two new spending cap systems

By: James Robson, The Associated Press Posted: 10:29 AM CDT Thursday, Jun. 6, 2024

Premier League clubs will trial two new forms of spending caps from next season, the league said Thursday.

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Premier League clubs will trial two new forms of spending caps from next season, the league said Thursday.

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Hey there, time traveller!
This article was published 06/06/2024 (821 days ago), so information in it may no longer be current.

Premier League clubs will trial two new forms of spending caps from next season, the league said Thursday.

Teams in England’s top division will trial a “Squad Cost Rules” system, which will limit spending on players to 85% of a club’s soccer revenue and net profit or loss on player sales.

A second system called “Top to Bottom Anchoring” limits — or anchors — spending to a multiple of the lowest combined prize money and cash from TV rights forecast to be earned by a team.

FILE - A Premier League logo is visible on the shirt of Everton's goalkeeper Jordan Pickford during the English Premier League soccer match between Tottenham Hotspur and Everton at the Tottenham Hotspur Stadium in London on Sunday, Sept. 13, 2020. The Premier League says clubs will trial two new forms of spending caps from next season. Teams in England’s top division will trial a “Squad Cost Rules” (SCR) system. SCR will limit spending on players to 85% of a club’s soccer revenue and net profit or loss on player sales. (Cath Ivill/Pool via AP, File)

The league said the systems aimed to “improve and preserve clubs’ financial sustainability and the competitive balance of the Premier League” as well as “promote aspiration of clubs.”

The league’s current financial regulatory system, “Profitability and Sustainability Rules,” will remain in place while the alternatives are being trialed. The trials were non-binding, the league said.

Under PSR rules, which allow clubs to make losses of up to 105 million pounds ($134 million) over a three-year period, Everton and Nottingham Forest were handed points deductions last season.

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James Robson is at https://twitter.com/jamesalanrobson