Premier League clubs - including Arsenal, Chelsea and Tottenham Hotspur - are set to face restrictions on transfers and wages as England's top-flight look to follow UEFA's new financial rules. Starting from next year, UEFA have a new squad cost rule which will limit clubs to spending 70 per cent of their calendar-year revenue on player wages, transfers and agent - through income generated from player sales will allow clubs leeway to spend more.
This is according to The Times, who say that the Premier League are looking to implement a similar rule, though with 'a higher percentage in order to allow clubs to invest more'. The report states that this is yet to be given the green light as it awaits to be agreed upon by the participating clubs.
The Times added that the prospective new Premier League rule could be part of an agreement with the EFL that hands out more money to the Championship, League One and League Two. Though it's on the basis that they too follow similar spending rules.
