Manchester United Oppose Hard Spending Cap in Premier League

Manchester United has reportedly expressed strong opposition to the potential introduction of a hard spending cap in the Premier League. The league is set to discuss the issue at its annual meeting in June, and United believes that such measures could put English clubs at a disadvantage compared to their European rivals. The Premier League is considering implementing a new system to replace its current Profit and Sustainability Rules (PSR), which have been criticized for not being strict enough. The new system could include a hard spending cap, which would limit clubs’ spending on transfers, wages, and agent fees to a certain percentage of their revenue. However, United believes that such a cap would hinder its ability to compete at the highest level and benefit from its significant revenues. The club has one of the highest wage bills in the league and has spent heavily in the last two summer transfer windows. United also has significant revenues, though, something which it might feel unable to fully benefit from if forced to tie its spending to the incomes of lower earners. UEFA currently uses a cost control ratio system of its own, whereby clubs can spend 70% of revenues on players. The new PSR system for the Premier League could take a similar form with a higher percentage, though finer details have yet to be ironed out and any new system is expected to first shadow the current PSR for 12 months as clubs transition to any new setup. The Premier League is set to debate salary cap proposals at its annual meeting in June. However, The Mail has made reference to a meeting between clubs before the end of April, while reporting that points deductions could still be handed out to clubs failing to adhere to any new measures. The upcoming Premier League meeting comes against the backdrop of multiple points deductions. Nottingham Forest and Everton are contesting penalties handed to them during the current campaign, while Sheffield United will begin next season on a negative points total. Everton, who saw a record 10-point deduction reduced to six on appeal, have also formally launched an appeal over a second, two-point penalty. Nottingham Forest have appealed against a four-point deduction of their own, with their appeal heard on April 24.

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