Saudi Arabia The panorama of the football world has changed. Its entry, almost without economic limits, put the big leagues and the Premier Leaguewho saw the wolf’s ears, did not stand idly by.
The same season club as Everton and Nottingham Forest was allowed a deduction of points, in addition to not being able to sign in January, for not following the rules of Financial Fair Play established by the English Federation (FA), and this regulation means that British clubs put the brakes on the winter market so that there is no skipping it and that it requires sanctions.
As the clubs understand, these rules on Sustainability and Profit are not in line with the reality of the current football situation. The big fear is believed in the Premier League that if the trend like this continues, the competition will lose the first place as the most powerful and cannot afford the best players in the world.
This is why 17 of the 20 teams that make up England’s top division have debated radically, as explained by the Daily Mail, and are planning to vote on a completely new system at a meeting scheduled for the end of the season, where 14 of these clubs would have to agree for the change to take effect.
According to reports, The inspiration for the new regulations came from none other than the NBA. To avoid point level penalties, which could sink clubs below the classification, this regulation is known as ‘the luxury tax will regulate that clubs that spend more than allowed will have an economic punishment that will increase the more money they spend. But clubs can decide to continue if they want.
Money collected from penalties on teams that exceed the limit will be distributed to those who have complied with the rules within the Premier League, numbers that could be in the tens of millions.. There has even been talk of whether they could also be used as an “emergency fund” to help EFL clubs in financial peril.
In addition to the NBA, this regulation also applies to Major League Baseball, as opposed to the NFL and NHL, which have very strict salary caps.
However, the clubs know that it will be almost impossible to go unpunished at the sporting level for those who exceed their limits if this change in regulations is looked at carefully. So it is more aimed at providing some flexibility and a buffer zone.
Two other changes
This is not the only change being discussed once the season ends at the meeting between the 20 Premier League clubs.
There are two other points to consider. A large number of members want to change the financial rules so that during the three-year reporting period only the costs of players and coaching staff are taken into account, while currently only money spent on new stadiums the excluded. infrastructure, youth development and community projects.
In addition, the rule approved in February on transactions with related parties will enter the debate, which refers to agreements between clubs from the same ownership group, such as Manchester City and Girona. Some understand that the ability to transfer a young talent to one of the other clubs is something interesting and will increase the market value.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
