The Premier League is to trial two forms of salary cap next season.
At Thursday's AGM in Harrogate, clubs agreed to implement UEFA’s Squad Cost Rules (SCR) and the controversial ‘anchoring’ system on a ‘shadow basis’ for 2024-25.
Under SCR, clubs are only permitted to spend 85 per cent of revenue on players, while ‘anchoring’, disliked by both Manchester clubs and Aston Villa, limits the amount any club can spend on its squad to five times the sum that the bottom-placed side receives from the league in centralised media and sponsorship revenue.
The current, controversial Profit and Sustainability Rules (PSR) will remain in place, with clubs permitted to make losses of up to £105m over three years.