AliousAccording to finance expert Stefan Borson, who spoke exclusively to Football Insider, Crystal Palace’s proposal to change the Profit and Sustainability Rules (PSR) failed to gain approval last week because it only benefited “two or three clubs.”
Borson explained that Palace had proposed increasing the allowable loss limit for clubs competing in European competitions, starting from the 2024-25 season.
However, when the proposal was put to a vote among Premier League clubs last week, it did not receive the required 14 votes to implement the changes.
Instead, the Premier League will trial a new squad cost control system next season, which will cap spending on transfer fees, wages, and agent fees to 85 percent of a club’s income.
Borson clarified that Palace’s plan was only attractive to a small number of clubs, making it difficult to garner league-wide support. “The issue with Crystal Palace’s proposal was that it didn’t affect that many clubs – it only had a positive impact for two or three clubs,” Borson told Football Insider.
He further elaborated, “So when you need to get 14 votes of support, it’s actually quite difficult.
What it means is that anything that clubs try to introduce that does not have a wide application is going to be rejected. It’s just the nature of the beast.”
Borson concluded that Crystal Palace’s suggestion failed to gain traction because there was only a small group of clubs that would have benefited from the proposed changes.
“There’s such a small group of clubs that would benefit from the Crystal Palace suggestion that clearly it just fell a bit flat when they proposed it,” he added.
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