Leeds United spending restriction proposal adopted as Premier League set to trial new financial rule

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The Premier League has agreed to trial a new financial system next season closer to a UEFA-style model whereby clubs are permitted to spend a proportion of their revenue on transfers, wages and agent fees, in conjunction with existing Profitability and Sustainability Rules (PSR).

It follows club chiefs' summit with the league at their Annual General Meeting in Harrogate on Thursday, June 6 in an attempt to avoid sporting sanctions akin to those handed down to Everton and Nottingham Forest during 2023/24. 'The existing Profitability and Sustainability Rules will remain in place, but clubs will trial Squad Cost Rules and Top to Bottom Anchoring Rules in shadow,' a Premier League statement read.

Leeds United, meanwhile, are expected to join five other Championship teams at Friday's EFL AGM in proposing new spending rules also tied to clubs' revenues, as opposed to the one-size-fits-all financial arrangement currently used, in which clubs are permitted to lose a set amount over a three-year accounting period.

 

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