The Premier League clubs have voted to introduce new financial rules from the 2026/27 season, with PSR being replaced by SCR after the alternative - 'anchoring' - was dismissed

It is a new set of rules and three letters to get used to: PSR (Profit and Sustainability Rules) will be replaced by SCR (Squad Cost Ratio) from the 2026/27 season after it was voted through in stoppage time.

The 20 top flight clubs voted 14-6 in favour - the minimum required on any rule change - at a Premier League shareholders’ meeting in London. Put simply, a club is allowed to spend 85 per cent of its turnover on squad costs from player transfers, wages, managers and agent fees.

Unlike PSR, the new financial rules focus on what happens on the pitch. That should give clubs greater freedom to upgrade the sta

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