Source: REUTERS/MOLLY DARLINGTON
[Saba Sports News] The Premier League recently made an official
announcement stating that the Premier League Board of Directors has voted to
revise the amortization rules for player registration fees in order to align
with UEFA regulations. Under the new rules, the maximum contract amortization
period for newly signed or renewed players will be set at five years. This
decision comes as a response to clubs, such as Chelsea, exploiting a loophole
that allowed them to spread out record-breaking transfer fees of £600 million
over a period of up to eight years. By doing so, Chelsea narrowly avoided
facing financial fair play sanctions. Additionally, the Premier League board
approved an amendment that empowers them to deny a club from registering
additional players if the club owes a transfer fee to another Premier League
team or an English Football League (EFL) team. The restriction remains in place
until the outstanding payment is made. Furthermore, the board has the authority
to deduct the owed amount from the club’s entitlement to league funds.