Enzo Fernandez, for example, was signed in a then Premier League record £106million deal from Benfica last January, but the cost was amortised over the duration of his eight-and-a-half-year contract. Premier League clubs met on Tuesday to discuss bringing in a similar measure and the motion was passed, with more than 14 clubs voting in favour of closing the loophole. A statement from the Premier League on Tuesday afternoon read: ‘Premier League Shareholders today agreed to amend the rule on amortisation of player registration costs to bring in line with UEFA’s regulations. ‘Clubs also approved a rule amendment to enable 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. The Blues had a mammoth summer spending spree, breaking the Premier League transfer record again to sign Moises Caicedo, with all their deals amortised over lengthy contracts.

Source: Metro December 12, 2023 15:49 UTC