Later this week, Premier League teams will gather to consider replacing the Profit and Sustainability Rules with new financial fair play laws. Proposals being explored would bring the Premier League into compliance with UEFA’s squad cost ratio scheme.

Later this week, Premier League clubs will meet to consider implementing new financial fair play regulations in place of the Profit and Sustainability Rules.

Club losses are limited by the current Premier League Profit and Sustainability Rules to a maximum of £105 million over a three-year period.

The Premier League would operate under new regulations that would conform to UEFA’s squad cost ratio scheme in place of the current ones.

Under that arrangement, teams are only allowed to spend 70% of their earnings on squad expenses, which include salary, trades, and agent fees, according to UEFA.

Premier League teams might take a similar tack, allowing them to spend no more than 85% of their income on player salaries.

Some who disagree would argue that this prevents someone like Roman Abramovich from joining Luton and promising to “turbocharge” the team by spending a lot of money on salaries and players in order to make them into Chelsea or Manchester City. That is just not permitted because you will be required to adhere to this limit as the new owner of Luton.

It makes logical for the Premier League to follow the same rules that clubs that are already playing in Europe follow because they are UEFA regulations.

There will be dissenting opinions and the input of all Premier League clubs. In order to pass, fourteen Premier League clubs must cast their votes.

Although it will undoubtedly be contentious, I don’t think a decision will be made this week. Although there won’t be a vote during the two-day meeting that begins on Thursday, it will be discussed at this meeting and is undoubtedly the direction we’re moving in.