Giant Club Crisis: PSR Rules Threaten Transfer Dreams for Big Teams
Club representatives discuss financial rules during the Premier League Stakeholders meeting.
Next season, the Premier League will stick with its profit and sustainability rules (PSR) instead of changing its financial controls. These rules are made to stop clubs from losing too much money by setting spending limits based on their revenue.
Because of PSR, clubs like Manchester United and Newcastle United have found it hard to sign new players. There was a proposal for new rules that would let clubs spend more on transfers, but when club representatives met at the Premier League Stakeholders meeting on Thursday, they could not agree on all points and did not hold a vote.
Some clubs want the new rules to start this summer, while others say more changes or discussions are needed. Meanwhile, Manchester City has filed another lawsuit against the Premier League over the regulations—especially concerning "associated party transactions." The APT rules are meant to make sure that deals with companies tied to club owners are made at fair market prices.