Premier League change transfer rules for Manchester United and Man City after Chelsea vote

manchestereveningnews.co.uk:

A new limit on which transfer fees can be amortised by Premier League clubs in their accounts has been installed as part of a significant rule change from the division's governing body.

The change - which will affect Manchester United, Manchester City and rivals moving forward - was passed at the latest meeting for Premier League shareholders on Tuesday morning.

It came after clubs had been able to exploit a well-documented loophole with previously-existing guidelines. As things were, top-flight clubs were able to spread the cost of transfer fees across the entire length of a player's contract.

That allowed them to make signings on long contracts and potentially spread out their costs to maintain a healthier reading when it came to their financial obligations and showcasing them through FFP. ALSO READ: Champions League exit could cost United in five ways ALSO READ: United fans name preferred line-up for Bayern meeting Chelsea, in particular, have come in for criticism for how they have used the previous system - making several big-money signings and tying them down to long-term contracts.