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How will new financial rules affect the Premier League?

On Monday, Premier League clubs opted to push on with plans for a hard spending limit — a de facto salary cap tied to the income of the lowest earning side in the top flight. Some clubs want more financial regulation in England, but who is pushing back against it? And could this end up with legal action? The Athletic's senior football news reporter Matt Slater joins Ayo Akinwolere to explain the concept of 'anchoring' as well as answering questions submitted by subscribers to The Athletic over the Premier League's proposed new spending controls. 00:00 Intro 00:12 ‘Anchoring’ & new rules in the Premier League 07:44 When it will happen? 12:12 What happens with limits on spending 15:33 Spending caps in the Premier League 27:40 Who will it benefit? 36:36 The effect on transfers 45:04 Outro The Athletic Football Podcast is your essential guide to football's biggest stories, five times a week this season... Listen on Apple and Spotify: https://theathletic.lnk.to/tafcpodYT Subscribe to The Athletic Football Podcast channel 👉 http://bit.ly/athleticuk | 🔔Make sure to enable all push notifications!🔔 The Athletic is currently offering a special price subscription of £2/$2 a month for the first 12 months. To redeem that limited-time-only offer go to 👉 https://theathletic.com/footballpod Follow The Athletic FC: Website 👉 https://theathletic.com Twitter 👉   / theathleticfc   Instagram 👉   / theathleticfc   Facebook 👉   / theathleticfc   Follow Tifo Football: Website 👉 http://tifofootball.com Twitter 👉   / tifofootball_   Facebook 👉   / tifofootball   Instagram 👉   / tifofootball_   Subscribe to Tifo Football 👉 http://bit.ly/TifoFootball Thumbnail: Mike Egerton - PA Images / Contributor / PA Images via Getty Images #premierleague #mancity #manutd