"Premier League proposals to reform the financial framework applied to clubs have met with vociferous opposition in advance of a vote this week. The Professional Footballers' Association (PFA) has already threatened the Premier League with legal action if the new financial regulations are introduced and it has now been reported that three of the leading agencies are leading the legal charge on behalf of the Association of Football Agents."
"Matt Lawton of The Times reports that the Association of Football Agents is claiming it was not consulted on the proposed changes and considers them an actionable breach of competition law. Premier League clubs are expected to vote at a shareholders' meeting on Friday on new financial proposals that include both squad cost ratio rules and anchoring, the latter of which would limit spending to five times the amount paid by the Premier League in prize money and broadcast revenue to the club which finishes bottom,"
Premier League clubs will vote on financial reform proposals at a shareholders' meeting this Friday, including squad cost ratio rules and anchoring. Anchoring would limit spending to five times the amount paid by the Premier League in prize money and broadcast revenue to the club which finishes bottom. The Professional Footballers' Association has threatened legal action if the new regulations are introduced. Three leading player agencies have instructed a London firm, claiming they were not consulted and that the proposals could breach competition law. The PFA will meet with the captains of all 20 clubs to discuss potential impacts on clubs' ability to match top European salary levels. The proposals are designed to protect competitive balance, club sustainability and the league's international value.
#premier-league #financial-regulation #professional-footballers-association #player-agencies #competition-law
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