Premier League clubs have voted in favour of new spending rules limiting spending to a proportion of the amount the bottom club receives in TV money.
Sixteen teams are said to have backed the proposals, with Times chief sports reporter Martyn Ziegler claiming that Manchester United, Manchester City and Aston Villa opposed them and Chelsea abstained.
The model will be presented for approval at an AGM in June and is set to replace the current Profit and Sustainability Regulations (PRS) from the the 2025/26 campaign.
Everton have been deducted six points this season and Nottingham Forest four after being found to have breached PSR.
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The vote result means that the final economic and legal analysis will be carried out on the proposed cap.
The idea, referred to as “anchoring”, will require approval from 14 clubs to be finally passed.
Premier League spending rules
Spending is set to be limited to five times the amount earned by the lowest club in the division in broadcast and prize money.
In an example cited by Sky News, Southampton received a total of £103.6 million from those sources in 2022/23, making the maximum a club could theoretically spend £518m.
“We will obviously wait to see further details of these specific proposals,” said a Professional Footballers’ Association spokesperson.
“But we have always been clear that we would oppose any measure that would place a ‘hard’ cap on player wages.
“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.”
Clubs had previously backed Uefa rules that will require clubs involved in European competitions to spend a maximum of 70% of revenue on transfer and agent fees and player wages.
