Premier League clubs agree to explore introducing a salary cap from the 2025-26 season to revolutionise the finance rules of football... as the three top clubs who voted against it - and another who a

Premier League clubs have agreed to continue working on introducing a hard spending cap from the start of the 2025-26 season as part of a new system of financial controls to replace the much-maligned Profit and Sustainability Rules. Under proposals to be formally voted on at the Premier League's AGM in June, all clubs' spending on transfers, wages and agent fees will be limited to around five times the amount earned by the top-flight's bottom club in TV and prize money, which was £100.3million for Southampton last season. Premier League clubs have agreed to work towards introducing a spending cap, and it the vote will now go to an Annual General Meeting The proposals are in place in a bid to ensure the league remains competitive rather than rich clubs dominating The proposed multiple was a factor of 4.5 from the bottom club's figure - going on Southampton's return last year, it would currently be £466.2million, whereas a factor of five would be £518m City had the biggest wage-bill in the Premier League last season and spent £51.5m on agent fees, with their transfer bill taking their overall spending to £619.5m, almost six times the income of bottom club Southampton. Defending champions Man City were one of the three clubs to vote against the proposals Erik ten Hag's Man United and Unai Emery's Aston Villa also voted against the cap Chelsea, who would have been the only club over a proposed cap last year, were the only side to abstain The Premier League have already agreed to replace PSR rules from the 2025-26 season with a squad cost control, which will limit clubs to spending 85 per cent of their total revenue on wages, transfer payments and agents' fees.