Financial Fair Play rules in Premier League to change next seasonpublished at 18:10 GMT 21 November
Image source, Getty ImagesThe Premier League will from next season move to a new system of Financial Fair Play (FFP) based on squad costs.
The clubs met in London on Friday to vote on three possible methods of replacing Profit and Sustainability Rules (PSR).
Squad Cost Ratio (SCR) got 14 votes in favour and six against, which is the minimum number that is required to exact a rule change.
Overall squad costs from next season will have to be limited to 85% of a club's revenue, although teams competing in Europe will have to adhere to Uefa's maximum of 70%.
Squad costs comprise player and manager wages, transfer fees and agents' fees.
Rules around sustainability, which set out a club's financial spending plans over the medium and long term, were passed unanimously.




























