LONDON :The Premier League will soon decide on whether to get rid of its divisive profit and sustainability rules and introduce a new squad-cost ratio system, CEO Richard Masters said on Thursday.

PSR, introduced in 2015-16 to prevent clubs from overspending, has led to numerous breaches by clubs and has been criticised by teams such as Manchester City, Newcastle United and Aston Villa for limiting the ability to spend.

Masters said a new system would align more with UEFA's financial regulations, which cap a club's spending on player wages, transfers and agents' fees at 70 per cent of their revenue.

However, the Premier League would have a higher cap of 85 per cent.

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