The Premier League is set to introduce changes to the rules governing player transfers, aiming to curb extravagant spending.
According to information revealed by The Athletic, the new regulation focuses on the financing of players acquired during transfer windows.
The primary objective of this rule change is to rein in excessive spending and promote financial stability within the clubs. Teams in the Premier League have decided to limit the period for spreading the payment of transfer fees for a player to five years, regardless of the length of their contracts.
Previously, clubs could extend the payment of transfer fees without any time restrictions. The report highlights that several clubs, including Chelsea, took advantage of these rules. With the new regulations, the Premier League aims to restrict the amortization period for transfer fees to five years, irrespective of previous transfer agreements. While the era of lavish spending may not be entirely over, these changes are expected to impose more significant limitations on such practices.
