The Premier League has announced that its clubs have reached an agreement to prioritize the development and implementation of a new League-wide financial system. This system will be in line with UEFA’s Squad Cost Ratio rules, restricting clubs to spending 85% of their revenue on transfers and wages. The Premier League issued a statement confirming this decision, which aims to offer clubs financial certainty and preserve existing investments in the game. However, during the same meeting, the Premier League was unable to secure a new funding agreement with EFL clubs.
The Premier League has pledged to continue working towards a sustainably funded agreement with the EFL, contingent upon the new financial system being formally approved by all parties.