Rescuer for the city: the prime minister agreed on new economic control

Today was D-day to see if the Premier clubs would ditch VAR, but in the end they left Wolves alone in their goal. The Premier League’s Annual General Meeting was a very busy one. There were a lot of very hot topics to discuss. One of the most controversial decisions was to give clubs oxygen by approving an alternative financial system for the entire competition, starting next season in 2024-25.

So, from next season, the Prime Minister will test an alternative financial control system that could enable teams such as Manchester City, Chelsea, Manchester United or Aston Villa to compete in the future. who saw themselves with a noose around their necks due to the prime minister’s strict economic control. Although this is not mandatory at this time, these clubs must continue to comply with the current PSR rules.

The existing Profitability and Sustainability Rules (PSR) will remain in place (the purpose of which is to improve and maintain the financial strength of clubs and the competitive balance of the league), but English clubs will also trial the Squad Cost Rules (SCR) and the Top Down Binding Rules (TBA), a pegging model based on the last club’s profits, “designed as a preventative measure to protect the competitive balance of the Premier League”, in the league’s own words. This will allow the Premier League and clubs to fully evaluate the system, including the impact of the new equivalent UEFA financial rules. These new roster spending rules (SCRs) will require that teams cannot spend more than 85% of their total revenue on their rosters.

Refusal of Aston Villa offer

This annual General Assembly revealed more decisions that did not receive the approval of 14 of the 20 members (two-thirds of the total). Such is the case with Unai Emery’s proposal to Aston Villa to increase PSR’s allowable losses from €123 million to €158 million over a three-year period. Birmingham’s motion was defeated by 15 votes against, three abstentions and two votes in favour.

From the same meeting it emerged that Aston Villa, Chelsea, Everton, Leicester, Newcastle and Nottingham Forest risk failing to comply with financial control rules if they do not have income (sell players before 30 June ).. Six clubs are on the line and are starting to risk sanctions (loss of points) if they do not comply with Financial Fair Play rules. These six clubs will have the second half of the month (the market opens on June 14) to sell some of their key players to get their books in order.

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