Premier League clubs vote to consider spending cap

Premier League clubs have voted in favour of adopting an anchoring economic model, which will be linked to the earnings of the bottom club (tv and prize money).

The proposed system would operate like a spending cap.

The next stage is final analysis and drafting of rules, which will potentially be put to clubs at an AGM in June.

The model will be presented to clubs and - should clubs vote in favour then - it will replace the Profit and Sustainability Rules currently in place, from the 2025-26 season onwards.

Any new element of the financial system would come in shadow next season, to fully replace PSR in 2025-26.

“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," said the PFA

“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.”

Aston Villa, Manchester City and Manchester United opposed the vote, with Chelsea abstaining.