Three of the biggest agencies in English football, CAA Base, CAA Stellar, and Wasserman, have warned the Premier League that they may pursue legal action in response to the league’s proposed new spending rules, per The Athletic.
The contentious new financial rules feature a “top to bottom anchoring” (TBA) system, which would introduce a salary cap across all 20 Premier League clubs.
That would limit the amount of money Premier League clubs could spend on players, including their wages, agents’ fees and transfer fees.
There is also set to be discussions over replacing profit and sustainability rules (PSR) with “squad cost ratios” (SCR).
SCR would prevent Premier League clubs from spending more than 85% of their revenue.
Premier League shareholders are set to meet on Friday (November 21) to vote on whether the proposals are greenlit.
CAA Base, CAA Stellar, and Wasserman have issued their formal opposition through a letter from leading law firm Clifford Chance.