Premier League agrees on new spending cap proposal

Premier League clubs, except Chelsea, voted in favor of a spending cap proposal. The plan aims to link spending on transfers, wages, and agents' fees to the league's bottom club's broadcast revenue. The new rules will replace Profitability and Sustainability Rules from 2025-26, limiting club expenditure to 85% of total revenue. The proposal requires 14 clubs' approval at the June AGM for implementation.