Premier League clubs have taken a step towards implementing a spending cap, voting on Monday for the league to complete the economic and legal analysis needed for such a model.
The model will be presented to clubs before a final vote at the league’s Annual General Meeting in June at the earliest, British media reported. It would replace the existing Profitability and Sustainability Rules (PSR) from 2025-26.
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The cap would limit how much clubs can spend in a bid to prevent the super-rich teams from dominating the league amid concerns over a growing gulf between the haves and have-nots.
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.
