Overview

• The proposal would tie total football squad costs to a multiple of the bottom club’s broadcast and prize money, equating to roughly £550m based on 2023–24 figures.
• A shareholders’ vote is scheduled for November 21, with a two‑thirds majority required for the rules to come into effect next season and scope for amendments before the meeting.
• Draft sanctions include a minimum six‑point deduction plus one additional point for every £6.5m overspend, with modeling suggesting some clubs could breach immediately.
• Manchester United and Manchester City oppose the plan, and United co‑owner Sir Jim Ratcliffe has argued it would weaken top clubs’ European competitiveness and the league’s appeal.
• Anchoring is intended to run alongside new squad cost ratio rules capped at 85% of revenue to replace PSR, with potential knock‑on effects for the EFL and parachute‑payment clubs.