The Premier League’s profitability and sustainability rules are keeping English football’s top floor in suspense in the 2023/24 season. So far, points have been deducted from Everton FC and Nottingham Forest, but the end of the flagpole is not yet in sight. Based on this development, the league would like to revise its statutes in the future. Manchester United, with its billionaire investor Sir Jim Ratcliffe, is anything but satisfied with the planned changes. Exit open…
The planned “anchoring” policy is a thorn in the side of Manchester United
Manchester United wants to oppose the planned modification of the Profitability and Sustainability Rules (PSR) the Premier League defend. The “Red Devils”, their new billionaire investor Sir Jim Ratcliffeis after Guardian-Research, especially the planned “anchoring” directive, is a thorn in the side. In this context, the point is that the financial backers of the individual clubs on the top floor of English football are tied to the income of the last-placed club.
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Conversely, this measure could lead to, for example, a club’s maximum salary expenditure being four to five times the corresponding television money of the 20th team. League officials hope that this will help close the spending gap and also create a more competitive Premier League. Those responsible for Manchester United, currently sixth in the table, rigorously contradict this intention and rather see the growth opportunities of the individual clubs as threatened.
Over the course of the 2023/24 season, the profitability and sustainability rules kept the entire Premier League in suspense. As an example, points were deducted due to various violations FC Everton and Nottingham Forest pronounced. Many other cases are still being heard, so the tabular picture could still undergo some striking changes. However, it is now clear that the statutes will be adjusted, but it is at least doubtful whether there will be a common denominator for all interests. A final decision is expected by the Premier League annual general meeting in June.