Premier League clubs have voted to limit new contracts to a maximum of five years.

A Premier League statement read: “Premier League Shareholders today agreed to amend the rule on amortisation of player registration costs to bring in line with UEFA’s regulations. Going forward, a five-year maximum will apply to all new or extended player contracts.

“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 board can also have the option to deduct the amount from the club’s entitlement to the League’s central funds.”

More to follow…

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