From midnight, a tweak to Premier League Financial Fair Play rules takes effect — increasing the scope for clubs to buy players. Since 2013, clubs have been limited by Short Term Cost Control (STCC) regulations that meant any 12-month increase in player wages of above £7m had to be funded by new commercial deals.
The Premier League’s next three-year financial window has now begun, with STCC removed - leaving clubs having to merely adhere to existing FFP strictures by which they must limit any losses to £105m over three years. A summer transfer splurge is now possible without having to worry about a short-term revenue uplift to cover it.
This could particularly benefit clubs like Everton and Wolves that are trying to break into the top six.
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