According to the Daily Mail, the Premier League is ready to revise the Profit and Sustainability Rules (PSR) that are currently in place. That could work in City’s favour, while big-spending Chelsea will be keeping a close eye on developments alongside the likes of Newcastle and Aston Villa. They both feared that they may have to sell, despite forcing their way into top-four contention of late, in a bid to balance the books.
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It is now being suggested that changes could be implemented that see points penalties abolished and a “luxury tax” introduced. Leading clubs are said to consider the punishments handed out to Everton and Forest to be “draconian”, while there is a fear that the Premier League could lose its standing at the top of world football if ambitious outfits are not allowed to splash the cash.
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A new system could be voted in as early as this summer – with another Premier League meeting planned in June. It is claimed that 17 clubs in the English top-flight are leaning towards sweeping change, with only 14 required to vote in favour of reform in order for proposals to be pushed through.
WHAT NEXT?
It is claimed that a system similar to that which already exits in MLB and NBA could be introduced, with teams having to pay a “luxury tax” on any overspending, rather than face points deductions. This will allow clubs to “have a go” on the back of securing promotion, while the Premier League should become more competitive overall as the spending playing field is levelled.