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Premier League clubs have agreed in principle to introduce new financial rules.
They voted today to progress with new squad cost ratio rules to replace current Profitability and Sustainability rules. Final vote on whether to adopt new rules will be taken at AGM in June.
Two votes taken today on proposed new rules. One was unanimous.
New rules likely to mean clubs will be limited to spending 85% of their revenue on transfers, wages and agents' fees.
PSR rules will still be in place for next season. If new rules are adopted at AGM this summer, there would be a transition period next season where the new rules would shadow current PSR rules.
Sanction of points deductions will remain for next season and will also remain as part of the new squad cost ratio rules.
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