Premier League clubs have agreed in principle to the introduction of a spending cap, 'anchored' to the amount of money the lowest-placed Premier League club earned from television rights over the previous season, to replace Profit and Sustainability Regulations (PSR) from the 2025-26 season.
Clubs competing in Europe will be subject to a limit of spending 80% of their turnover on transfer fees, salaries, and agent fees starting next season, dropping to 70% in 2025, as part of UEFA's new cost control rules.
Some clubs, including Manchester City, Manchester United, and Aston Villa, opposed the spending cap, while Crystal Palace chairman Steve Parish expressed the need for addressing financial competitiveness in the Premier League.
The Professional Footballers' Association expressed concern about any measure that would impose a hard cap on player wages, emphasizing the need for proper consultation regarding proposals impacting its members.
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