Things are changing in the Premier League: clubs are being held to a spending ceiling | Football

A majority of twenty clubs have agreed to put a limit on spending on transfers, salaries and agents in the Premier League, it emerged during a shareholders meeting.

The ceiling is based on how much the lowest-earning club in the competition receives in television rights. That is approximately 110 million euros per season. That is then multiplied by 4.5 or 5.

Only Manchester City, Manchester United and Aston Villa voted against the plan. Chelsea abstained. Chelsea and Manchester City would have to reduce their squads based on the new guidelines.

This season, the twenty clubs spent no less than 3 billion euros on new players, much more than other competitions. Chelsea took the cake by spending more than 600 million euros on the transfer market.

Currently, clubs in the Premier League are not allowed to incur losses of more than 123 million euros over three seasons. There has been a lot of dissatisfaction about this rule among smaller clubs for some time. They believe that it favors the top clubs and widens the gap between large and small clubs.

Recently, Everton and Nottingham Forest were deducted points because they had suffered far more losses than the prescribed 123 million euros. This reignited the discussion about the financial rules.

A final vote on the plan will be taken at a new meeting in June. If a majority of clubs give the green light to the plan, the new rules will come into effect as early as the 2025/2026 season.