Premier League to monitor transfer fees to ensure financial fair play

Premier League to monitor transfer fees to ensure financial fair play
Premier League to monitor transfer fees to ensure financial fair play

The Premier, in the spotlight. The top flight of English football will carry out exhaustive monitoring of the buying and selling movements of footballers of the clubs with the objective of verifying that they do not evade the internal rules of the fair play financial, which was recently approved at its Annual General Meeting (AGM) in London.

After several transfers set off alarm bells, “The Football League has the right to review all such transfers to verify that they are made in good faith.“, keep it up Daily Mail. If clubs are found to be intentionally circumventing the rules, they could risk disobeying the guidelines.

Cases such as the signings of Aston Vila FC for midfielder Tim Iroegbunam and on the wing Lewis Dobbin, for nine million pounds (10.6 million euros) and ten million pounds (11.8 million euros)respectively, have made the Premier League focus on transfers. However, the transfers carried out so far have not violated any written rules, but rather take advantage of a legal loophole.

“They aim to improve and preserve the financial sustainability of the clubs and the competitive balance”

Likewise, Chelsea FC is close to signing Omari Kellyman for 19 million pounds (22.5 million euros), while Ian Maatsen, for a total of 35 million pounds (41.4 million euros), adding a total of 59 million pounds (69.8 million euros), bordering on the salary limit recently imposed by the Premier Leaguesignificantly reducing the salary of its signings compared to past seasons.

The clubs in the English competition have seen their signings reduced due to this cut. The records from last season are very far from those made during the winter transfer market of the 2022-2023 season, when Premier League teams invested 954 million euros in transfers. Only Chelsea FC spent, during that same season, 300 million euros on the arrival of Mykhailo Mudryk and Enzo Fernández, among other footballers.

One of the initiatives, called Squad Cost Rules (SCR), dictates that Clubs cannot spend more than 105 million pounds (124.2 million euros) in a period of three seasons. Meanwhile, the Top-to-Bottom Anchoring Rules (TBA) implies that clubs cannot spend more than a multiple of the income of the club that earns the least in the league, yet to be determined.

 
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