CAA Base, CAA Stellar and Wasserman, three of the biggest agencies in English football, have threatened legal action against the Premier League over proposed new spending rules.
The controversial new financial regulations include “top to bottom anchoring” (TBA) that would implement a salary cap on all 20 clubs in the English top flight, limiting how much money they could spend on players, including their wages, agents’ fees and transfer fees.
There will also be discussions over replacing profit and sustainability rules (PSR) with “squad cost ratios” (SCR). The vote to decide whether the proposals are greenlit is set to unfold at the next Premier League shareholders’ meeting on Friday.
In the buildup to the all-important vote, CAA Base, CAA Stellar and Wasserman, whose combined client lists feature players like Chelsea talisman Cole Palmer and Manchester United midfielder Kobbie Mainoo, have issued their formal opposition through a letter from leading law firm Clifford Chance, per .
The three agencies condemned both TBA and SCR, the latter of which would prevent clubs from spending more than 85% of their yearly revenue. They also accused the Premier League of coming up with these new regulations without consulting them first.
