Premier League Stakeholders in the English Premier League have decided to resolve managerial conflicts surrounding the rules on amortization of players in the English League and the umbrella body of the European Football competition, the Union of European Football Associations (UEFA).
The decision taken by the Premier League stakeholders resolved issues surrounding players' contract length, and amicable ways to resolve inter-club debt after trading on players.
"The Shareholders agree to amend the rule on amortization of player registration costs to bring in line with UEFA’s regulations," the English Football organizers stated.
Also, Premier League stakeholders have agreed on a five-year maximum for a new or extended player contract, henceforth.
English clubs also upheld a rule that empowers the Premier League Board to disallow a club owing transfer debt to another club from [buying or] registering more players until the transfer debt is set off.
The Premier League stakeholders unanimously agreed "The Premier League Board, in circumstances where a Club owes a transfer debt to another Premier League or EFL Club, to stop the Club registering more players until the outstanding payment has been made."
In an alternative way to settle the transfer debt between premier league clubs, the stakeholders also agreed "The Board can also have the option to deduct the amount from the Club’s entitlement to the League’s central funds.
Category: World-News
Tag: Premier League Amortization of player costs Football Sport
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Published 12/12/2023 6:29:30 PM