The Premier League has reached an agreement in principle on a new spending cap for all teams as the English top flight looks to replace the current Profitability and Sustainability Rules (PSR).
Set to be installed from the 2025/26 season onwards once fully ratified, revised spending limits will placed on teams in the first division, the number for which will be calculated in relation to a multiple of the money earned in prize money and TV rights by the lowest-earning club in the Premier League.
If approved at the AGM (annual general meeting) this June, the new model will replace the existing PSR system under which multiple clubs have broken FFP and been charged with other breaches over recent years, with Everton and Nottingham Forest having already been deducted points this season.
Although 16 of the 20 Premier League clubs reportedly agreed to the newly proposed regulations, four clubs were not in favour, with Manchester City, Man United and Aston Villa all said to have voted against the decision, while Chelsea chose to abstain.
BREAKING: Premier League clubs have agreed in principle to a form of cap on squad spending ahead of regulations being formulated, Sky News understands.
The proposed spending cap wouldn’t come into effect until the 2025/26 Premier League season.
The new max-spending model is being referred to as ‘anchoring’ or ‘tethering’, which will take into account total amounts spent on buying players, weekly wages, agents’ fees and more.
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If successful following a final vote in June and brought through the season after next, the aim is to curb the increasing financial gap between the top and bottom of the table by preventing things like big sponsorships which may otherwise see clubs assert massive spending power during transfer windows.
According to the Independent, cost controls will now “limit club expenditure on salaries, signing and fees to 85 per cent of total revenue” for those not competing in European competitions.
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This comes after Premier League teams previously the latest UEFA rules that will see those playing in the likes of the Champions, Europa and Conference League only allowed to spend 70% of that revenue, given the added financial uplift from qualifying for these tournaments.
While 16 yeas were enough to see the initial vote move forward, it will only require 14 out of 20 clubs to agree to the rule change in June for the motion to be fully passed.
A Professional Footballers’ Association (PFA) spokesperson said: “We will obviously wait to see further details of these specific proposals, but we have always been clear that we would oppose any measure that would place a ‘hard’ cap on player wages.
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“There is an established process in place to ensure that proposals like this, which would directly impact our members, have to be properly consulted on.”
Well-reviewed winter attraction The Curling Club, which has already made a name for itself in London, is now making its way to Manchester.
Set to open in Manchester’s world-class skyscraper district, New Jackson, The Curling Club is keeping its stay short and sweet, with a three-month residency here in the city centre.
Curling Club will signal in the mid-winter season as it runs from late November right through until the end of February, giving you a lengthy period of time to sweep ’til your heart’s content.
This sports-themed pop-up opened in the capital last year, offering guests a wintery escape packed with food and drink choices, accommodating up to 600 people at a time, right next to The Shard.
The Curling Club is set to open in Manchester this November until February.Imagine a pint or two in this curling haven in Manchester this year.Credit: Justin De Souza
Now, Manchester’s latest activity bar destination is bringing its charm and competitiveness to Manchester for the first time ever, hoping to emulate the success of its capital predecessor while encouraging people to pick up the sport.
Just like the original London location, their Manc site will feature the iconic custom-built lanes and sustainably-made granite stones, which are set to improve your precision and control – fancy that.
We’re sure will still somehow manage to be the worst players in the room at any given time.
If that wasn’t enough curling expertise for you, there will also be on-site coaches helping guests perfect their technique and providing some top-notch advice.
There will even be an exclusive appearance from Olympic gold medallist Eve Muirhead and Team GB’s ‘Chef de Mission’, Mark England, who will be hosting select events across the two cities.
Manchester can expect a similar curling set-up this year.The glitter-ball dancers ready and waiting for this wintertime.Credit: Justin De Souza
New Jackson will be the ultimate backdrop for this innovative winter experience as the venue will be curating seasonal cocktails as well as being home to live DJS, glitter-ball dancers and some seriously good food.
You had us at booze and scran.
Keep this seasonal site in mind as they’re already marking themselves as a destination for work parties, events, group outings and Christmas party celebrations.
Trevor Bowers, Chairman of The Curling Club, said of the impending opening: “With this expansion and other plans, we’re accelerating our national rollout – all while staying focused on delivering exceptional, high-quality experiences for both guests and corporate clients during the winter season.”
Just to pre-empt any Manchester United fans fearing they’re still in total delirium the next time they see that iconic red shirt, we can confirm it isn’t just your rose-tinted glasses deceiving you – the club will be wearing a special one-off shirt with a notable difference very soon.
All eyes may now be on Wednesday, 21 May but this limited edition kit has already caught the eye of many supporters for one very obvious reason.
In case you haven’t seen it for yourselves already, Man United have confirmed that both the men’s and women’s squads will be will be wearing a slight variation on their home shirt for their next two matches as part of a special campaign for an important charitable cause.
Joining forces with their usual primary shirt sponsors Snapdragon and global health campaigners Product RED, this one-off alternative strip will be unveiled on the pitch this week.
Product Red, or simply (RED) as it will read on the jersey itself, is a worldwide charity that’s been working to fight global health crises since 2006.
(RED)’s key aim is to end the AIDS epidemic and related injustices by raising money for the Global Fund to Fight AIDS, Tuberculosis, and Malaria.
The organisation officially partnered with the club and Snapdragon back in January in an effort to help drive awareness and generate further backing for their work – it just so happens that teaming up with one the planet’s biggest brands and one synomyous with that colour made for the perfect collaboration.
With that in mind, putting together a one-off Man United kit with (RED) slap bang in the middle as is close to a commercial/charitable tap-in as you’re probably ever going to get.
Set to be debuted by Manchester United Women in their WSL fixutre against Arsenal this Saturday, 10 May and then again by Ruben Amorim’s side in the Premier League the following day (Sun, 11 May); plus, a select few limited edition replicas shirts will be made available for fans to purchase.
Be first in the know, Reds 👀
Get notified when our limited-edition @RED collection drops ⤵️#MUFC || @Snapdragon
It goes without saying that given the nature of the front-of-shirt sponsor swap, these will no doubt become somewhat of a special item among kit collectors from the off.
More importantly, however, the funds raised through selling these one-off Man United shirts will provide much-needed income for the non-profit and their crucial efforts.
The unveiling of the comes not long after the bedlam that ensued inside Old Trafford during the second leg against Athletic Club, in which United booked their return trip back to Bilbao for the Europa League final, leaving plenty of fans of seeing nothing but the colour red ever since.
MUWFC also sealed their spot in the Women’s Champions League next season to with an important point in the Manchester Derby this past weekend, confirming a finish above Man City this year.
Safe to say it’s been a good few days to be a (RED).
Danny Jones -
29th April 2024 
