Premier League rules which saw Everton punished set to be scrapped
The Profit and Sustainability Rules which Everton broke leading to eight points worth of penalties are set to be changed
Last updated 29th Apr 2024
League's financial rules which have seen Everton hit by two separate penalties this season are set to be scrapped.
Clubs have voted in principle to replace the rules with a spending cap limiting how much can be spent on squads.
Despite now being safe from relegation the blues have lost eight points this season for breaking the current rules. The Premier
The PA news agency understands clubs voted on Monday to progress to the final stages of a legal and economic analysis of anchoring - which will potentially limit expenditure such as player wages, plus agents' fees and transfer amortisation costs, to a multiple of the central Premier League revenues going to the bottom club.
The intention of anchoring is to keep the league competitive by preventing the richest clubs dominating.
The drafting of rules around the principle will now also take place, with a view to a further vote at the league's annual general meeting in June.
Sources close to Manchester United had indicated prior to the meeting they would oppose it and it was reported Manchester City and Aston Villa also voted against, with Chelsea abstaining.
The legal analysis is likely to involve discussions with the PFA, and a spokesperson for the union said on Monday: "We will obviously wait to see further details of these specific proposals, but we have always been clear that we would oppose any measure that would place a 'hard' cap on player wages.
"There is an established process in place to ensure that proposals like this, which would directly impact our members, must be properly consulted on."