A report by Matt Hughes in the Sun newspaper suggesting that Wolves Spurs, West Ham and Brentford are all using advisers Rothschild & Co to bring in fresh money to help avoid PSR problems has been denied by a senior club source.
That report about West Ham seeking an advisor for investment is not true claimed our source told Claret and Hugh adding that selling shares in West Ham does not help with PSR rules and only helps with cash flow.
It’s been almost nine months since Vanessa Gold announced she had appointed Rothschild & Co to advise her late father’s estate on the possibility of selling some of her West Ham shares but there has been no significant progress since then.
This coming season Premier League clubs will trial Squad Cost Rules (SCR) and Top to Bottom Anchoring Rules (TBA) in addition to the existing Profitability and Sustainability Rules (PSR)
The Premier League claim this will enable the League and clubs to fully evaluate the system, including the operation of UEFA’s equivalent new financial regulations, and to complete its consultation with all relevant stakeholders.
The overall system aims to improve and preserve clubs’ financial sustainability and the competitive balance of the Premier League, promote aspiration of clubs, facilitate a workable alignment with other relevant competitions and support clubs’ competitiveness in UEFA club competitions, while providing certainty and clarity for clubs, fans and stakeholders.
SCR will regulate on-pitch spend to a proportion (85 per cent) of a club’s football revenue and net profit/loss on player sales.
TBA is a League-level anchor linked to football costs, based on a multiple of the forecast lowest central distribution for that season. It is designed to be a pre-emptive measure to protect the competitive balance of the Premier League. This protection is intended not to have an impact unless significant revenue divergence of clubs occurs.