Premier League's Profit and Sustainability Rules to Extend Amidst SCR Delays

The Premier League's clubs have opted to continue with the profit and sustainability rules for the next season, delaying the introduction of the new Squad Cost Rules (SCR). The latter would have capped spending on player wages and transfers relative to revenue, similar to UEFA's regulations.

The Premier League's current financial regulations, known as the profit and sustainability rules, will stay in effect next season as the adoption of the new Squad Cost Rules (SCR) has been postponed. This decision came after a meeting in London where clubs discussed the feasibility of the SCR implementation.

As per a report by the Athletic, no formal vote was conducted, but clubs reached a consensus that they wouldn't be ready to implement the SCR by next season. Consequently, the existing regulations from 2015-16 will continue, which aim to prevent overspending by limiting losses to 105 million pounds over three years.

The SCR would restrict clubs' expenditures on wages, transfers, and agent fees to 85% of their revenue, aligning with UEFA's stricter 70% rule. Some clubs, like Manchester City and Newcastle United, have expressed concerns over the current rules' impact on their transfer market activities. Notably, Manchester City is currently defending against charges of financial rule breaches from 2009 to the 2022-23 season.

(With inputs from agencies.)