The Premier League teams have decided to implement a spending cap starting in 2025–2026.

The present Profit and Sustainability Rules (PSR), which have generated controversy in the Premier League this season, will be replaced by the new regulations, should they are accepted in a final vote later this year.

This season, Everton and Nottingham Forest were given point deductions for breaking the present standards; these reductions are still up for appeal with a few weeks remaining in the season, which has caused premier league teams to reevaluate the financial regulations.

Read Also:Premier League Clubs Vote On Profitability and Sustainability Rules

Premier League clubs presented their proposed new regulations, which included a spending cap on player salaries, transfer fees, and agent fees, at a meeting in central London on Monday.