"The proposed system, known as "anchoring", aims to limit club spending on wages, transfer fees, and agent commissions to five times the revenue earned by the bottom-placed Premier League club from broadcasting and prize money. Based on 2023/24 figures on an example of Sheffield United, this would cap spending at roughly £550 million, calculated from their £109.5 million earnings that season. The measure is designed to curb financial disparity and maintain competitive balance, preventing elite clubs from pulling further ahead."
"Arsenal was among 16 clubs that voted last year to explore these financial controls. Their support was largely driven by former executive vice-chairman Tim Lewis, a vocal advocate for reform. However, Lewis's departure in September has altered the internal dynamics at the Emirates. The new leadership is reportedly more cautious, fearing that strict spending limits could undermine Arsenal's ability to compete with Europe's elite and jeopardize their recent resurgence under Mikel Arteta. Reports suggest Arsenal's summer transfer spree-featuring marquee signings-might not have been possible under"
An "anchoring" proposal would cap club spending on wages, transfers and agent fees at five times the bottom-placed club's broadcast and prize revenue, about £550m based on Sheffield United's £109.5m 2023/24 earnings. A Squad Cost Ratio would limit spending to 85% of football-related revenue, above UEFA's 70% threshold. Together these measures would replace Profitability and Sustainability Rules that allow £105m losses over three years. Arsenal's leadership change and concerns about competitiveness have prompted a reversal of support. The proposal requires a 14-club majority and now faces derailment.
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