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Premier League Sets 21 November Vote on 'Anchoring' Cap and New Spending Rules

Draft rules outlining points deductions have prompted a legal warning from the PFA.

Overview

  • Clubs have received a roughly 25-page draft proposing a top-to-bottom 'anchoring' cap alongside an 85% squad cost ratio option to replace current PSR limits.
  • Anchoring would cap total squad costs at five times the bottom club’s broadcast and prize money, equating to about £545–550m based on recent seasons.
  • Proposed sanctions include a minimum six-point deduction plus one point per £6.5m overspend, with examples shared that some teams could comply with SCR yet breach the anchor.
  • Manchester United and Manchester City oppose anchoring, with co-owner Sir Jim Ratcliffe arguing the cap would hinder top English clubs’ ability to compete with Europe’s elite.
  • Independent analyses suggest Manchester City, Manchester United and Chelsea would exceed the proposed cap under recent spending, while any change requires two-thirds of clubs to approve and could take effect next season.