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@ Global Sports Central
2024-04-29 16:50:22📢 BIG NEWS for the Premier League: Clubs have agreed to new financial regulations! 💸
Starting in the 2025/26 season, a new spending cap will be implemented, based on the earnings of the lowest-earning club from TV rights. This change aims to replace the current Profit and Sustainability Regulations (PSR).
Everton and Nottingham Forest have had their fair share of struggles with the PSR rules. Everton was initially penalized 10 points but successfully appealed, reducing the deduction to 6 points. They were then deducted an additional 2 points for another breach, totaling 8 points. Meanwhile, Nottingham Forest is appealing a 4-point deduction while fighting to avoid relegation.
Under the current PSR rules, clubs can have 'allowable' losses of up to £5m per season or £35m based on individual owner investment over three seasons. Transfer costs can be spread over a maximum of five years.
This new regulation aims to create a more balanced financial landscape for all Premier League teams. 🤩