According to reports Premier League shareholders have ratified the rules governing financial regulation of clubs.
The plans promise two significant controls: To limit players' wage bills from next season and longer-term measures that will restrict the amount of losses clubs can make to £105million over three years.
The regulations have come about against the backdrop of UEFA's Financial Fair Play (FFP) initiative.
Under UEFA's new rules clubs are being forced to minimise losses or risk the possibility of exclusion from European competition from 2014/15.
Should Premier League clubs break their proposed new rules, chief executive Richard Scudamore has already confirmed that they will face a points deduction.