.png)
1 hour ago
1
Premier League clubs have voted overwhelmingly against the introduction of controversial anchoring plans but agreed a squad cost ratio (SCR) system, as the top flight moved to a new era of financial regulation.
Top-to-bottom anchoring (TBA) would have tied the spending of the league’s clubs to a multiple of the revenue earned by the division’s bottom-placed side the previous season in central payments passed on by the league. The plan has long been opposed by the top flight’s two Manchester clubs and a vote in London on Friday brought 12 votes against the measure and seven for, with Burnley abstaining.
The vote on SCR proved less divisive, with the necessary majority of 14 clubs voting in favour and six against. This means that from next season clubs will be limited to spending no more than 85% of their “football revenue” and “net profit/loss on player sales” on “on-pitch spending”, which includes player transfer fees and wages.
How do I sign up for sport breaking news alerts?
Show- Download the Guardian app from the iOS App Store on iPhone or the Google Play store on Android by searching for 'The Guardian'.
- If you already have the Guardian app, make sure you’re on the most recent version.
- In the Guardian app, tap the Menu button at the bottom right, then go to Settings (the gear icon), then Notifications.
- Turn on sport notifications.
A third measure, referred to as sustainability and systematic resilience (SSR), which will bring real-time monitoring of finances and the introduction of liquidity buffers, was approved unanimously.
