Premier League Clubs Set Five-Year Limit on Player Payments
After a vote by English Premier League clubs, a new rule has been implemented to limit the average payment period for players to a maximum of five years per player. This decision comes as a response to previous unlimited rules regarding the length of time players could be signed for.
The issue was brought to the forefront after recent reports of Chelsea taking advantage of the lack of restrictions to make several high-value player signings. These signings, including the likes of Moses Caicedo, Romeo Lavia, Cole Palmer, and Nicholas Jackson, totaled over 400 million pounds. Chelsea then extended the payment periods for these players to 2030 or 2031, allowing them to bypass financial regulations and the Financial Fair Play rules.
The controversy surrounding these extended payment periods has prompted discussions among Premier League clubs about the need to close this gap and enforce stricter regulations.
Premier League’s Response
In response to this issue, the Premier League released a statement outlining the new rule, which requires teams to equalize player payments within five years. This aligns with the specified timeframe by the Football Association and UEFA for signing contracts, ensuring that payment installments for players do not exceed five years. However, this ruling will not affect any players with previous contracts that extend beyond the five-year limit.
It was reported that 15 clubs voted in favor of the new rule, including Chelsea, while only two clubs voted against and three abstained.
With this new regulation in place, the Premier League aims to bring more transparency and fairness to player payments, addressing the controversial issue surrounding extended payment periods for players.
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English Premier League clubs have voted to limit the average payment period of players to no more than five years per player.
Previously, the Premier League had no rules limiting the amount of time players could be signed. Including installment payments, did Chelsea use a gap at this point to buy several players to strengthen the army last summer, such as Moses Caicedo, Romeo Lavia, Cole Palmer and Nicholas Jackson with a budget of more than 400 million pounds (about 17.9 billion baht).
However, since then the Blues have given these players contracts until 2030 or 2031, spreading their payments over seven or eight years, including the previous signings of Mikailo Mudrik and Enzo Fer.Nandez on an 8-and-a-half contract year
As a result, they are not affected by financial rules or Financial Fair Play, which as a result of what happened has made it a very controversial issue. And there are reports that Premier League clubs are preparing to discuss closing the gap.
The Premier League recently issued a statement saying: England’s top flight clubs have voted to enforce a rule requiring teams to equalize player payments within five years, in line with the Football Association’s specified timeframe Europe (UEFA) for signing contracts The inclusion of player payments in installments should not exceed 5 years in June, but this will not affect any players’ previous contracts.
It was further reported that 15 clubs voted in favor of the issue, including Chelsea, while only two clubs voted against and three abstained.
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