The Premier League are reportedly considering abandoning point deductions as a method of punishment from next season and could instead implement a 'luxury tax' for sides that fall foul of financial rules.
Everton were of course deducted ten points by the Premier League in November for breaching profit and sustainability rules by £19.5million for the period of 2021/22, though this was reduced to six points following a successful appeal last month.
The Blues' are currently waiting to discover if a second points deduction will be coming their way relating to accounts published for 2022/23. However, punishments of this nature could soon be a thing of the past.
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The Daily Mail is reporting that 'radical reform' has been discussed among the clubs in the division, and it is believed 'an entirely new system' could be voted in at the end of the current season, with as many as 17 sides willing to vote through this change.
The 'luxury tax' being considered would see those who overspend face financial repercussions, which would increase based on the amount spent. The money collected would then be redistributed to the remaining Premier League clubs that have operated within their means.
One of the reasons for this change is said to be due to fears the Premier League could surrender its position as the most lucrative division in world football, with current PSR rules making clubs cut back on spending and salaries due to fears of breaching guidelines.
The above report adds that an 'anchoring' style salary cap is a potential option being explored, which ensures the amount clubs can
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