Premier League Clubs to Debate Hard Salary Cap Amid Financial Regulation Overhaul

Premier League clubs are set to discuss the possibility of implementing a hard salary cap at their latest Shareholders’ Meeting. With negotiations for a funding ‘New Deal’ with the English Football League (EFL) falling through the Premier League aims to revise its financial regulations. This includes changing the current Profit and Sustainability Regulations which led to point deductions for Everton and Nottingham Forest.

While initially considering aligning spending with revenue similar to UEFA model another proposal suggests restricting top clubs’ spending based on the TV revenue of lower-ranked clubs. However, this idea faces opposition particularly from clubs accustomed to European competition such as Manchester United. Discussions are ongoing aiming for a resolution by the league’s annual meeting in June. 

Meanwhile, the Football Governance Bill advances in Parliament proposing an independent regulator for English football to enhance financial sustainability and protect the sport’s heritage.