Allowing Premier League clubs to write off extra spending by easing financial regulations opens up for grey area
7 September 2020
A majority of top flight clubs has approved relaxing the league's profit and sustainability rules due to the coronavirus pandemic.
Clubs will be allowed to write off extra spending but that could cause credibility issues, according to a financial expert.
The changes are understandable, however, due to the unpredictable nature of the crisis.
The Premier League has approved relaxing its financial regulations, according to the Times, to ensure clubs avoid coming in conflict with the maximum permitted three-year losses under the Profit & Sustainability (P&S) rules.
Facing reduced gate receipts and lower television income, clubs have been allowed to write off lost revenue due to the coronavirus pandemic as well as extra spending.
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