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Premier League Source: Clubs have agreed to the introduction of new financial rules for next season. They voted on Thursday in favor of squad cost ratio rules, which will replace current Profitability and Sustainability Rules.
If the new rules adopted by the annual general meeting in June are approved, clubs will be restricted to spending only 85% of revenue on wages, transfers and agent fees.
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PSR and points deductions are still in place for the 2019-20 season.
Everton They were initially deducted 10 point in November. This was later reduced to six points on appeal. Then, they got a second reduction, bringing their total points loss up to eight. Nottingham ForestFour points have been deducted.
Everton Forest is 16th place in the league table, while Forest comes 17th. This puts them just below the relegation zones.
The Premier League has announced that all appeals will be resolved on the 25th of May, even though the season is over.
After deciding at the Premier League shareholders’ meeting that the priority was to develop and implement a new League wide financial system, the agreement in principle came about.
According to Premier League guidelines, clubs are at risk of breaching PSR if they incur more than £105 million ($131.90 million) in losses over three seasons, which amounts to £35M annually.
Triple winners last year Manchester City A commission independent was referred over 100 allegations of financial rule violations, but no decision has yet been made. City has denied all wrongdoing.
The Premier League could deduct points from Leicester City after their relegation last year. You can refer them to an independent Commission The league was fined last month for allegedly violating its spending rules.
Leicester responded by launching two lawsuits against Premier League Football and English Football League.
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