Overview

• Clubs are expected to vote next month on adopting a revenue-based squad-cost ratio to replace PSR.
• The proposal would cap spending on wages, transfers and agents at up to 85% of club revenue, compared with UEFA’s 70% limit.
• PSR is a retrospective profitability test introduced in 2015–16 that has led to several breaches and criticism from clubs including Manchester City, Newcastle United and Aston Villa.
• Richard Masters said a higher cap is intended to protect the league’s competitive edge and keep international investment flowing.
• The rules were originally targeted for introduction this season, indicating the reform timeline has slipped.