Payments watchdog bosses given hours to tell staff of FCA merger March 12, 2025 Payment Systems Regulator top brass did not know the watchdog was definitely being merged into the Financial Conduct Authority until just hours before it became public and used media leaks to prepare their response for the sweeping change, the regulator’s interim boss has said. Speaking at a Treasury Committee hearing less than 24 hours after [...]
PSR is dead, long live PSR: Premier League clubs agree to keep hated rules February 13, 2025 Premier League clubs have agreed to continue with the existing profit and sustainability rules (PSR) for one more season amid concerns over a legal threat from the PFA and the ongoing legal challenges from Manchester City. At a meeting in London earlier today the 20 clubs unanimously agreed to continue trialling new Squad Cost Ratio [...]
Premier League clubs may vote on new financial rules despite PFA threat February 12, 2025 Premier League clubs will have the option to vote through new financial rules on Thursday despite the threat of legal action from the Professional Footballers’ Association (PFA) if they do so. The 20 top-flight teams will gather for a meeting in central London to discuss, and potentially vote on, a new system to replace the [...]
Leicester City still face PSR danger despite Premier League decision January 14, 2025 Leicester City remain on the hook for possible breaches of PSR rules despite the Premier League deciding not to issue charges to any clubs for the period ending last season. Leicester escaped punishment last year despite being charged with overspending for the period ending 2022-23 after they won a legal appeal centred on ambiguity in [...]
Payments regulator in Treasury crosshairs as firms revolt December 16, 2024 As the government hunts for ways to make Britain more competitive, the country's payments regulator has become caught in the crosshairs.
How Manchester City made shareholder loans the Premier League’s new battleground October 11, 2024 Amid the claims and counter-claims that spewed forth after Manchester City’s legal challenge to the Premier League’s associated party transaction rules, one fact was undeniable: shareholder loans have now joined APT, PSR and FFP in the lexicon of football fans. City’s lawyers argued that if their sponsorship deals with Abu Dhabi entities such as Etihad [...]
Revealed: Chelsea considered 40 per cent increase in ticket prices September 17, 2024 The huge price hike was rejected on the grounds that it was unfair to penalise fans.
Premier League v Man City: What to expect from the eye-catching legal battle September 16, 2024 What exactly is the hearing looking at, and what should we expect to learn?
Manchester United in the red again – but confident they’ll escape PSR charge September 11, 2024 English football's profitability and sustainability rules stipulate that clubs may not lose more than £105m over a rolling three-year period.
Premier League makes decision on whether to fight Leicester PSR verdict September 11, 2024 Having lost at appeal, the Premier League's only further possible recourse is to take the matter to arbitration.