LONDON :Premier League clubs have agreed a new set of financial regulations to replace the divisive Profit and Sustainability Rules (PSR) with a new Squad Cost Ratio system.

A statement on Friday said Premier League shareholders had voted in favour of the new rules that will come into force for the start of the 2026-27 season.

"Following extensive consultation, clubs agreed to bring in Squad Cost Ratio (SCR) and Sustainability and Systematic Resilience (SSR) proposals," the statement said.

It added that there had been insufficient support for a proposal on Top to Bottom Anchoring (TBA) - a hard cap on clubs' football-related spending set at five times the money earned the previous season by the bottom-placed club in central payments passed on by the Premier League.

Subscribe to CNA's R

See Full Page