BREAKING: Premier League confirm fresh FFP decision that impacts Manchester United and Man City

manchestereveningnews.co.uk:

The Premier League have confirmed plans to introduce a new financial blueprint to stabilise spending in the English top flight, a statement confirmed on Monday, March 11. "At a Premier League Shareholders' meeting today clubs agreed to prioritise the swift development and implementation of a new League-wide financial system," it reads. "This will provide certainty for clubs in relation to their future financial plans and will ensure the Premier League is able to retain its existing world-leading investment to all levels of the game. "Alongside this, Premier League clubs also re-confirmed their commitment to securing a sustainably funded financial agreement with the EFL, subject to the new financial system being formally approved by clubs ALSO READ: Man Utd face £125m FFP transfer issue after chief scout spotted doing something of concern ALSO READ: Manchester United have FFP magic number which could make or break Antony sale "The League and clubs also reaffirmed their ongoing and longstanding commitment to the wider game which includes £1.6billion distributed to all levels of football across the current three-year cycle. "The Premier League's significant funding contributions cover all EFL clubs and National League clubs, as well as women and girls' football, and the grassroots of the game." The development comes amid unease over the wealth gap within football, with the government considering the introduction of an independent regulator.

Three teams are already facing charges from the league for breaking financial rules, including Manchester City. Last year, Everton were the first team to be punished for this type of mistake when they lost 10 points for exceeding the permitted losses under profitability and