The Premier League have confirmed that a salary cap will not be introduced (Image: (Photo by Catherine Ivill/Getty Images))
The Premier League have confirmed that a salary cap will not be introduced with clubs voting against the move at 12-7 in the latest shareholder meeting. [Manchester United](https://www.express.co.uk/latest/manchester-united-fc) were among the teams not keen for the cap to be introduced.
It was however, confirmed that a major overhaul to spending rules will come into effect from the 2026/27 season. A Premier League statement read: "The Premier League has introduced a new set of financial rules, which will replace the existing Profitability and Sustainability Rules (PSR) from the 2026/27 season."
"Developed through extensive consultation with clubs and a wide range of stakeholders, these rules are designed to secure financial sustainability of clubs, while promoting long-term investment and protecting the competitive balance of the Premier League.
"They aim to achieve this in a way where compliance can be monitored and enforced "in season" to promote certainty and clarity for fans, clubs and stakeholders. In developing the new financial system, the Premier League has sought to devise a framework that works effectively in parallel with UEFA’s rules and is consistent with the objectives of the Independent Football Regulator."
With the majority having voted against a salary cup, teams will be able to continue dishing out sizeable wages but there is set to be a limit on what clubs can spend with no more than 85% of annual revenue allowed to be on “football costs". This new system will replace the current profitability and sustainability rules (PSR).