PSR changes approved for Championship – Official EFL Statement | OneFootball

PSR changes have been announced on Wednesday for the Championship.

An official EFL Statement (see below) explaining these changes to the second tier Profit and Sustainability Rules.

The statement follows an Extraordinary General Meeting (EGM) having been called for today.

The official announcement stating that these changes approved today are; ‘…for the 2025/26 season to address the transition of Clubs between the EFL and Premier League.’

Official EFL Statement – 30 April 2025:

At an Extraordinary General Meeting (EGM) today, Clubs in the EFL approved changes to the Championship division’s Profit & Sustainability Rules (P&S) for the 2025/26 season to address the transition of Clubs between the EFL and Premier League.

As is currently the case, all Clubs will still be required to file an estimated P&S calculation in March for the current season and the two immediately preceding seasons, irrespective of whether the Club was in the EFL or not for all or part of that time.

As a result of the changes agreed today, from the 2025/26 season:

• The Club will then file its audited accounts and a final P&S calculation with whichever League it is in at that time in the following December. • The EFL will be able to apply a sanction imposed by the Premier League’s independent Commission, with an equivalent provision included in the Premier League’s rules, should it be required. • When the EFL receives the estimated P&S calculation in March, it can still take pre-emptive action if a Club is forecasting a breach, which can be in the form of a business plan or requiring player sales once the transfer window opens in June.

At an earlier Club Meeting in February of this year, Clubs approved other changes to the P&S rules relating to add backs, audit and disclosure. Following today’s votes, the full P&S rules for the 2025/26 season will be distributed to Clubs and published on EFL.com in due course.

In addition, as part of a broader review of financial controls in the Division, discussions remaining ongoing amongst Championship Clubs on the merits of introducing a Squad Cost Ratio system which would limit clubs to spending to a set percentage of their income on player-related costs. The Premier League has been operating a similar shadow Squad Cost Ratio calculation during the 2024/25 season and will continue to do so in 2025/26.’