It depends on the implementation of the new Financial Fair Play system and how much the Premier League embraces them.The irony of the Americanisation of the Premier League is that Americans wouldn't let this happen in their own sports. NFL owners have a veto on buyouts of other teams, and have taken steps to ensure that no one team can dominate (eg college draft, strength of schedule, equal distribution of TV revenue), with the result that the past ten Super Bowls have been won by eight different teams. They know that nobody is going to pay to watch a foregone conclusion in the USA but don't seem to care what happens here.
Sadly, it seems to me inevitable that we will drop back into the Championship at some point in the next few years because, even if the highest estimates of TB's wealth are accurate, we will not be able to remain competitive indefinitely against clubs owned by the mega-rich or entire countries. Our only chance will be if American owners reach the magic number of 14 then abolish relegation while we're still in the PL.
Under the new regulations set by UEFA, European clubs will be limited to spending 70% percent of their revenue on wages, transfers and agents' fees by 25/26. You would think that the American owners would be in favour of this as it should make the playing field at the top of the table more even if it means Chelsea will be allowed to spend significantly less than they have this calendar year. The punishment mooted is relegation from said European competition which no owner will want.
Under these rules, despite making a considerable loss in 20/21 our allowed budget would sit at around £105m and minus approximate wages (very difficult to see the playing vs non-playing staff in the accounts) our transfer kitty would sit at somewhere between £35m (a very vague guess). You can understand why the mega-rich who see clubs as playthings wouldn't want this.
The reality is that the Premier League may not fancy taking part in such restrictions and UEFA may struggle to uphold punishments in the face of legal action from mega-rich oil states but for me this is the only "chance" for competitiveness in the league.
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