PSR era in Premier League to continue after clubs oppose new spending rules

The Premier League's Profitability and Sustainability Rules (PSR) are set to remain in place after clubs failed to reach an agreement on implementing new spending control measures. The league has been trying to introduce additional financial governance rules for the past 18 months, but clubs have been reluctant to sign up. Despite several teams falling foul of the current PSR system, there was no progress made at the recent quarterly shareholders' meeting. The perspectives on the proposed changes appear to differ based on the clubs' league positions, and the chances of anything being adopted before the next season are now slim.
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