Leeds United's 49ers investors keen to flex spending muscles will note transfer trial's impact

-Credit: (Image: MI News/NurPhoto via Getty Images)
-Credit: (Image: MI News/NurPhoto via Getty Images)

New financial rules controlling how much money football clubs spend could be on the way for Leeds United in the future. At its annual general meeting today, Premier League clubs agreed to trial a new system which could move them away from profit and sustainability shackles in the years to come.

The existing, binding rules, which deducted points from Everton and Nottingham Forest last season, will remain in place, but squad cost rules and top-to-bottom anchoring rules will be shadowed in the background. Top-flight clubs agreed on the trial to ascertain whether they prefer the new guidelines over the existing option.

While the Whites are not in the Premier League yet, these new rules could yet be in place if and when they are promoted. Alternatively, if promotion eludes them, there is the possibility the EFL follows the top division’s lead in the future.

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A Premier League statement said: “At the Premier League’s annual general meeting today, clubs agreed to trial an alternative league-wide financial system next season on a non-binding basis. The existing profitability and sustainability rules (PSR) will remain in place, but clubs will trial squad cost rules (SCR) and top-to-bottom anchoring rules (TBA) in shadow.

“This will enable the league and clubs to fully evaluate the system, including the operation of UEFA’s equivalent new financial regulations, and to complete its consultation with all relevant stakeholders. The overall system aims to improve and preserve clubs’ financial sustainability and the competitive balance of the Premier League, promote the aspirations of clubs, facilitate a workable alignment with other relevant competitions and support clubs’ competitiveness in UEFA club competitions, while providing certainty and clarity for clubs, fans and stakeholders.

“SCR will regulate on-pitch spending to a proportion (85 per cent) of a club’s football revenue and net profit/loss on player sales. TBA is a league-level anchor linked to football costs, based on a multiple of the forecast lowest central distribution for that season.

“It is designed to be a pre-emptive measure to protect the competitive balance of the Premier League. This protection is intended not to have an impact unless significant revenue divergence of clubs occurs.”