Back to overview

Monday briefing: Premier League fails with attempt to close PSR loophole

Chelsea

IMAGO

Everton takeover: Local businessmen vs MSP Sports Capital in new two-horse race

EFL Championship clubs to consider ‘multiple options’ over changes to financial rules

Norwich City co-owner Mark Attanasio in talks over 25 per cent stake in Benfica

10 June 2024 - 4:30 AM

The Premier League has failed in an attempt to close a loophole that lets clubs use one-off profits from the sale of hotels, training grounds or other tangible assets in their financial fair play submissions.

As reported by The Athletic, the league made the proposal at its AGM last week, but only 11 of the 20 clubs backed it, significantly short of the two-thirds majority required for a change in the English top-flight’s Profitability and Sustainability Rules (PSR).

Chelsea avoide

Do you want to read this article?

Get smarter in minutes. Straight to your inbox
21-day free trial

No credit card required. No strings attached. Your access ends automatically, so there’s nothing to cancel.

Activate instantly with the link we’ll send you.