Premier League clubs voted in a historic decision on Monday (April 29) after they agreed to implement a spending cap to complete the economic and legal analysis needed for such a model. The spending cap model will be presented to clubs before a final vote at the league's Annual General Meeting in June. The decision will bridge the gap between the spending power of big spending rich clubs and low-budget clubs in the Premier League and could come into effect from the 2025-26 season.
Premier League clubs go for historic vote
«We will obviously wait to see further details of these specific proposals, but we have always been clear that we would oppose any measure that would place a 'hard' cap on player wages,» the Professional Footballers' Association (PFA) said.
«There is an established process in place to ensure that proposals like this, which would directly impact our members, have to be properly consulted on,» the statement added.
The new spending cap rule will replace the now-existing Profitability and Sustainability Rules (PSR) from 2025-26. The new rule will prevent mega-rich clubs from overspending in upcoming seasons helping bring parity for clubs on the pitch.
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The cap, discussed at a Premier League shareholders' meeting on Monday, would be based on how much money the lowest-earning club in the English top flight makes from television rights and could come into effect as early as the 2025-26 season.
Of the present 20 clubs in the Premier League, 16 voted in favour of the decision while Chelsea abstained. Manchester City, Manchester United and Aston Villa dissented from the decision.
Premier League clubs had agreed in principle to introduce new
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