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Premier League clubs have "unanimously agreed in principle" to introduce new financial fair play regulations beginning next season at a meeting in London today. The profitability and sustainability rules (PSR) that have capped how much money clubs can spend over the last decade "are set to be scrapped" at the start of the 2025-26 season and "replaced with a similar 'squad cost control' rule to the one UEFA adopted in 2022." The new system, which must still be fully ratified at the Premier League’s annual general meeting in June, "will work as a shadow to the existing PSR regime" next season. Under the proposed new rules, clubs "will only be allowed to spend a set percentage of their annual turnover on the wage bill for the first team and its coaching staff, plus the amortised costs of their transfer fees and all agents' fees." Clubs that breach the rules "will still be subject to points deductions" (THE ATHLETIC, 4/11).
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