Players.bio is a large online platform sharing the best live coverage of your favourite sports: Football, Golf, Rugby, Cricket, F1, Boxing, NFL, NBA, plus the latest sports news, transfers & scores. Exclusive interviews, fresh photos and videos, breaking news. Stay tuned to know everything you wish about your favorite stars 24/7. Check our daily updates and make sure you don't miss anything about celebrities' lives.

Contacts

  • Owner: SNOWLAND s.r.o.
  • Registration certificate 06691200
  • 16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
  • Czech Republic

Premier League face legal action from second club as Manchester United PSR concerns continue

Aston Villa co-owner Nassef Sawiris says he is considering legal action against the Premier League's Profit and Sustainability Rules - with Manchester United one of several clubs limited by the restrictions.

Villa, like Manchester United, are one of several sides in the Premier League that are looking to manage their costs to ensure they adhere to the Premier League's financial rules - which prohibit teams from recording losses of more than £105m over a three-year period.

At last week's Premier League AGM, Villa had a proposal to increase a club's permitted losses from £105m to £135m rejected as they look to build on last season's Champions League qualification.

ALSO READ: United youngster set for surprise move to Italian club on free transfer

ALSO READ: Unsung hero has just shown how important he is ahead of contract decision

Now Sawiris has called for an overhaul of the Premier League's current financial results which he believes prohibit "upward mobility and fluidity in the sport".

Speaking to the Financial Times, the Egyptian businessman said: "Some of the rules have actually resulted in cementing the status quo more than creating upward mobility and fluidity in the sport. The rules do not make sense and are not good for football.”

He added: “Managing a sports team has become more like being a treasurer or a bean counter rather than looking at what your team needs. It’s more about creating paper profits, not real profits. It becomes a financial game, not a sporting game.”

Manchester United were hit with PSR concerns in the January transfer and were unable to move freely in the transfer market. United's failure to qualify for this season's Champions League will also limit the amount of revenue brought to Old

Read more on manchestereveningnews.co.uk