The Premier League says the new SCR rules are intended to promote opportunity for all clubs to aspire to greater success and bring the League's financial system closer to UEFA's existing SCR rules. UEFA's regulations cap a club's spending on player wages, transfers, and agents' fees at 70% of their revenue.

The new rules will also allow for transparent in-season monitoring and sanctions, giving clubs the ability to spend ahead of revenues and invest off the pitch.

The Premier League's new financial regulations were agreed upon after extensive consultation with clubs, and they will replace the current PSR system. The new rules include proposals for Sustainability and Systematic Resilience (SSR) and Top to Bottom Anchoring (TBA), although the latter was not supported by clubs.