Overview

• Clubs have received a 25‑page draft and will vote on November 21, with approval requiring at least 14 of 20 teams and potential implementation from next season.
• The proposed ‘anchoring’ rule would cap total football costs at five times the bottom club’s broadcast and prize income, estimated at about £550m based on 2023/24 figures.
• Football costs covered include player and head coach wages, transfer amortisation, and agents’ fees, running alongside a squad‑cost ratio set at 85% of revenue.
• Draft sanctions include a minimum six‑point deduction for a breach plus an additional point for every £6.5m overspent.
• Manchester United and Manchester City oppose the measure, Chelsea previously abstained, and the PFA has signalled readiness to challenge the rules legally.