September 22, 2024

BirminghamLive’s Aston Villa news as the team allegedly looks to increase the PSR’s maximum allowable loss cap

According to reports, Aston Villa is pressuring the Premier League to increase the maximum allowable loss amount for the last season under the Profitability and Sustainability Rules (PSR).

For the 2025–2026 season, PSR will be modified with the implementation of a new squad cost rule that caps clubs’ expenditure on wages, transfers, and agent fees at a maximum of 85% of their income. According to reports that surfaced on Monday, the Premier League teams had voted 16 to 3 in favour of a spending cap; Chelsea was the 20th club to abstain from voting, while Villa and both Manchester clubs lost.

The top teams would be able to spend a multiple of what the poorest club in the league makes on salaries and transfer costs under the cap; Southampton, the bottom team, made slightly over £100 million last year. The goal of the suggestions is to make the Premier League’s financial situation more equitable. Villa’s request to vote against was unexpected by many.

According to The Times, Villa wants to raise the maximum losses permitted over a three-year period from £105 million to £135 million, an extra £25 million. Villa is rumoured to have brought up the request for an increase in the cap with clubs this week.

Since both Everton and Nottingham Forest lost points for going above the limit, it would be quite contentious to alter the PSR criteria for the final season.

For a vote to occur, Villa would have to formally bring up the matter at the league’s annual meeting in June. They apparently brought it up at the Premier League shareholders meeting on Monday in London.

Villa announced a £119.6 million deficit during the previous season, but they have previously maintained they are operating under the PSR limit. According to The Times, the Premier League and Villa both declined to comment.

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