Cheap Premier Leagues Football Jerseys Kids The profitability and sustainability rules will be replaced this summer to align with UEFA's rules on team cost ratios. The changes will not affect the ongoing cases involving Everton, Nottingham Forest and Manchester City.

The Premier League's controversial Profitability and Sustainability Rules (PSR) will be replaced by a new system of financial regulation as early as this summer.

The new system will be in line with the relationship between costs and revenues in UEFA's Financial Sustainability Regulations (FSR).

These regulations will eventually limit clubs participating in European competitions to spending 70 per cent of their revenues on transfer fees, player wages, etc.
The Premier League has looked at a model that allows clubs to spend up to 85 per cent of revenue on player wages, with a sliding scale of penalties for clubs that exceed this.

However, it is not certain that the new financial model will be approved at the league's AGM in June.

A statement from the Premier League on Monday said "At a Premier League shareholders' meeting, the clubs agreed to prioritise the rapid development and implementation of a new financial system for the entire league.
This will provide clubs with predictability in terms of their future financial plans and will ensure that the Premier League can maintain its world-leading investment in all levels of football," the statement said.

"In addition, the Premier League clubs have also confirmed that they are committed to securing a sustainable financial agreement with the EFL, subject to the new financial system being formally approved by the clubs.

"The League and the clubs also confirmed their long-term and sustained commitment to grassroots football, which includes £1.6bn across all levels of football over the current three-year period.

"The Premier League's significant funding supports EFL and National League clubs, as well as women's and girls' football and grassroots initiatives in the sport."