Man Utd and Man City watch on as Premier League clubs meet to discuss finance changes - PL boss outlines plan

Premier League news: The latest news from Man Utd and Man City
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Shareholders at Premier League clubs are meeting in London this week to discuss potentially major changes to the league's profitability and sustainability rules.

The potential changes come amid recent news that Nottingham Forest and Everton were charged for breaching PSR, which limits clubs to losses of no more than £105million over a three-year period.

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It is the second time Everton have been charged this season, with the first charge seeing the club handed a 10-point deduction in November. The punishment for The Toffees' second charge as well as Forest's charge is yet to be confirmed but could result in a fine or potential points deduction.

The rules have been subject to some criticism as they prevent clubs from spending money and encourage them to sell their brightest prospects and best players in order to remain compliant with PSR. The January transfer window was a quiet one for clubs as a result of clubs tightening their belts.

What have Premier League bosses said previously?

Premier League chief Richard Masters said last month: "We are considering moving to the squad cost ratio model that UEFA has adopted.

“On the first day [of the meeting], we will be talking about financial regulation. I don't know whether that's known but the current system we have at the moment, the PSR system, we are contemplating making some changes to that over time.

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“We have some proposals out for consultation with our clubs about moving and aligning more with the UEFA system. UEFA have spent two years changing its financial regulations away from something called FFP to something called squad cost ratio, which is a different calculation, more a wage to turnover type calculation.

“Because over time we have historically aligned with UEFA, because seven or eight of our clubs are in European competition, we need to consider whether that is an appropriate move for us, how we do that and when. That's a large chunk of day one. Day two is a normal shareholders' meeting."

What are the UEFA rules?

UEFA's Financial Fair Play system limits a club's spending on wages, transfers and agents' fees to 70% of their total revenue by the start of the 2025-26 season. UEFA's rules set a 90% limit for the current 2023-24 season and an 80% limit for the 2024-25 campaign before dropping to 70%.

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