Monday briefing: Premier League to amend spending rules before next season

The Premier League are set to amend their new squad cost ratio rules before their introduction next season, allowing clubs greater flexibility in transfer spending.

Under the rules approved in November, clubs will be limited to spending 85 per cent of their revenue on player wages, transfers and agent fees. Breaches would trigger a financial levy redistributed to other clubs, while spending at 115 per cent of revenue would result in a six-point deduction.

According to The Guardian