The pressing issue of newly promoted Premier League teams being relegated immediately is expected to come under the spotlight at the top-flight clubs’ first meeting of the season next week when future financial rules are discussed.
Ipswich Town, Southampton and Leicester City, who were
promoted from the Championship in the 2023-24 campaign, were all relegated last
season, the second successive year that has happened. There is a growing feeling
that promoted clubs are not being helped by Profitability and Sustainability
Rules (PSR) — and that the gap is widening.
Newly promoted Sunderland and Leeds United will have maximum
permitted PSR losses of £61million for this 2025-26 season as they have been in
the EFL for the previous two years, while those who have been in the top
flight will have a £105million limit.
If the prevailing mood is to keep PSR next season — and
there is unlikely to be a vote on that until the new year — then one idea doing
the rounds is that promotion bonuses should be exempt from PSR calculations.
These can be hefty: Leeds’s latest annual report discloses they had to pay
£19.2million in player bonuses after winning the Championship.
But while some clubs believe that it would be healthier for
the league if promoted sides were more competitive, those who would be at
increased risk of relegation may be reluctant to change the rules.
The debate on the future of financial rules is also expected
to cover the proposed Squad Cost Rule, which would limit the amount clubs spend
on player wages, transfers and agents to 85 per cent of their turnover. It is
already used by Uefa, but with a lower figure of 70 per cent.
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