Premier League officially announce new financial rules after Liverpool vote

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The Premier League has officially approved sweeping changes to its financial regulations following a crucial vote by clubs, with the new rules set to take effect from the 2026/27 season. This marks one of the most significant shifts in how English football operates financially, as clubs agreed to introduce two new frameworks while rejecting a controversial spending cap proposal that had caused division within the league.

At a shareholders’ meeting in London, clubs voted on three major financial proposals designed to replace the existing Profit and Sustainability Rules (PSR), which have led to point deductions for clubs like Everton and Nottingham Forest. Of the three proposals, two passed: the Squad Cost Ratio (SCR) and Sustainability and Systematic Resilience (SSR) frameworks. The third proposal, Top to Bottom Anchoring—which would have imposed a hard spending limit regardless of club revenue—failed to gain sufficient support.

The new SCR and SSR frameworks aim to ensure clubs operate in a financially sustainable way, protect competitive balance, and maintain the Premier League’s value. The process involved extensive consultation with club shareholders, senior finance and legal executives, and working groups, as well as independent economic and legal analysis.

Liverpool were reported to have supported all three reforms, including the rejected spending cap. The Premier League emphasized that the new system will provide clubs with greater certainty for future financial planning and will help retain investment across all levels of the game. The changes will not affect ongoing cases involving Everton, Nottingham Forest, and Manchester City, which will continue to be judged under the old PSR regulations.