Richard Masters, the Premier League’s head, is “under pressure” as Wolves allege
Richard Masters, the chief executive of the Premier League, is allegedly coming under increasing pressure after a number of teams banded together to criticize his direction.
The Daily Mail claims that during a shareholders’ meeting on Friday, Manchester City, Newcastle, Chelsea, Everton, Nottingham Forest, and Sheffield United are said to have voted against the Premier League. Burnley and Crystal Palace are also said to have abstained.
Prior to a meeting that included all 20 clubs, Richards disclosed earlier this month that there will be a discussion over the potential to modify the Profitability and Sustainability criteria to adopt a “squad cost ratio” model. Masters informed a Parliamentary Select Committee that there would be discussions on whether the larger league might follow similar, as up to 35 percent of the league’s clubs play continental football each season and are already subject to those UEFA regulations. Among the eight teams that rejected plans to outlaw loan moves in November of last year were seven that declined to support the Premier League’s implementation of new associated party transaction rules (APT). Of the eighteen votes cast, two thirds supported stricter APT regulations.