Premier League clubs are delaying signing off on new contracts for existing players amid fears over breaching spending rules
- Spending in this January window was much lower than in previous seasons
- Some clubs have agreed to reinstate increased wages on contracts for players
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Premier League clubs are delaying signing new contracts for existing players amid concerns over profit and sustainability rules (PSR).
Everton, who have already received 10 points this season for breaching financial rules, and Nottingham Forest are both penalized for breaching PSR laws.
And Mail Sport has learned that teams have become so fearful of exceeding their spending limits that they are having to cap wage bill expenditure on this season’s accounts.
As a result, teams are holding off on ratifying new deals for players until next summer when spending falls under the next year’s set of bills.
In some cases, certain clubs are understood to have already agreed new deals with players but will backdate increased wages so that the expenditure falls under the next set of bills.
Premier League clubs were scared of hitting spending rules, prompting them to wait to hand our new contracts to existing players
Erik ten Hag admitted he was unable to sign a new striker in the January transfer window due to spending limits
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Spending during the January transfer window has been significantly limited due mainly to PSR concerns.
Most clubs have looked to use the loan market in an attempt to reduce spending on transfers this month.
Manchester United boss Erik ten Hag admitted last week that the club could not sign a new striker due to spending constraints, while Newcastle boss Eddie Howe confirmed on Monday that he can only add new players to his squad if they sell .
And news that clubs are so close to breaking financial laws that they cannot afford to pay on increased wages highlights the problems facing teams.