BREAKING — Premier League clubs take step towards spending cap
LONDON, April 29 (Reuters) - Premier League clubs have taken a step towards implementing a spending cap, voting on Monday for the league to complete the economic and legal analysis needed for such a model.
The model will be presented to clubs before a final vote at the league's Annual General Meeting in June at the earliest, British media reported. It would replace the current Profitability and Sustainability Rules (PSR) from 2025-26.