Premier League clubs vote in favour of spending cap

Premier League clubs have voted in favour of developing plans to introduce a spending cap.

Sixteen clubs approved proposals for the Premier League to complete the final economic and legal analysis needed to create a spending-cap model.

The model might be presented to clubs at June's annual general meeting (AGM), and if voted through it would replace the current Profit and Sustainability Rules (PSR) from the 2025-26 season onwards.

Manchester City, Manchester United and Aston Villa opposed the possible introduction of a spending cap on Monday, while Chelsea abstained.

The league's current financial rules, under which Everton and Nottingham Forest were penalised eight and four points respectively this season, have been criticised for favouring clubs with the highest revenues.

A spending cap would limit clubs' outlay on transfers, wages and agents' fees.

Proposals have reportedly included spending being capped to between four and five times the amount the lowest-earning Premier League club receives in TV revenue.

Leeds United, who finished 19th in the Premier League in the 2022-23 season, earned £112m in broadcast revenue - the least out of the 20 clubs in the top flight.