Breaking: Villa’s Brutal message to Wolves…

The Premier League has announced a new financial model that is set to impact Aston Villa and Wolves moving forward. It comes as concerns grow over the running of English top-flight football.

A statement released on Monday, March 11, read: “At a Premier League Shareholders’ meeting today clubs agreed to prioritise the swift development and implementation of a new League-wide financial system.

“This will provide certainty for clubs in relation to their future financial plans and will ensure the Premier League is able to retain its existing world-leading investment to all levels of the game.”

The league also promised to work towards a sustainable financial agreement with the EFL, subject to approval of the new structure.

“The League and clubs also reaffirmed their ongoing and longstanding commitment to the wider game which includes £1.6billion distributed to all levels of football across the current three-year cycle.”, reports Football London.

“The funding from the Premier League supports all EFL and National League clubs, women’s football, and grassroots footballers.”

This decision comes at a time when there’s growing demand for reform because of the financial differences throughout the football pyramid and government intentions to appoint an independent regulator.

At the moment, three teams have been charged by the league for breaking financial rules. Last year, Everton became the first team to be punished when they lost 10 points for exceeding the permitted losses under profitability and sustainability rules (PSRs).

The Toffees are facing a second set of charges for breaking those rules again in the period ending 2022/23, but their penalty was reduced to just six points after an appeal. Nottingham Forest will learn their punishment later this week.

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