Premier League infuriate Manchester United with decision on future of PSR
Several Premier League clubs wanted an alternative to the controversial Profit and Sustainability Rules, but top-flight bosses have decided to stick with the current regulations
by John Cross · The MirrorThe Premier League’s controversial spending rules are here to stay.
And that will infuriate Manchester United as the club wrote to fans blaming Profit and Sustainability Rules as the reason for a lack of signings, a rise in ticket prices and redundancies.
Prem chiefs have confirmed that PSR will remain in place for next season despite them being hugely unpopular with clubs and fans but they have yet to agree a better system.
It was effectively rubber-stamped at a Premier League shareholders’ meeting in London that PSR will stay despite public opposition from the likes of Manchester United, Aston Villa and Newcastle United.
United owners INEOS are making hundreds of redundancies with a clear message that they have to cut costs to make sure they can spend on their squad.
Everton were hit with a points deduction after breaching PSR while Villa had to auction off a striker in January - offering Ollie Watkins to Arsenal and then selling Jhon Duran to Saudi Arabia - to fall into line with the spending rules.
Villa also proposed last summer to increase spending guidelines from the current permitted losses of £105m over three seasons to £135m. But that was knocked back and the Premier League and will continue to run a “shadow system” in parallel with PSR of squad cost ratios tied to club income.
There was no vote between the 20 clubs at the Premier League meeting with a new “anchoring system” the clear alternative. That would see clubs only being allowed to spend a proportion of their income on wages, transfers and costs.
The Professional Footballers’ Association has already voiced major concerns over anchoring because that would have the potential to restrict player earnings.
Meanwhile, Sir Gary Hickinbottom, a former Court of Appeal judge, was elected unopposed as the Premier League’s new chair of the judicial panel.
Hickinbottom replaces Murray Rosen who has completed his five-year term. Manchester City had objected to his involvement in their hearing against the 115 charges because Rosen is an Arsenal fan.
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