According to reports, Premier League clubs will vote on a new financial plan that would increase English teams’ competitiveness in Europe. Though Aston Villa will get immediate benefits, it is thought that Crystal Palace is the driving force behind the plan.
The last ten years of a club’s results in European competitions are currently used by UEFA to calculate coefficient payments, which determine how funds are distributed. Accordingly, Manchester City is said to have earned a substantial £28 million this season, whereas Newcastle only received £3.8 million.
Under the proposed modifications, teams would be able to claim the difference in coefficient financing between themselves and the top club in Europe as “allowable losses” under the Premier League’s Profit and Sustainability Rules (PSR).
This season, Newcastle was eliminated from the Champions League during the group stages. They blamed their difficulties on PSR issues, which prevented Eddie Howe’s team from adding players before the season began. As a result, injury issues exposed their lack of depth.
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