Fri Jun 07, 2024 3:04 pm
EFL STATEMENT - FINANCIAL CONTROLS
League One and Two
At a combined divisional meeting today, Leagues One and Two agreed to revise and update their set of Salary Cost Management Protocol (SCMP) rules.
There was a unanimous acknowledgment amongst Clubs that there is an immediate and acute need for reform in order to stem the rising losses facing both divisions, currently averaging £5m per Club in League One and £1.5m in League Two.
Clubs are committed to implementing change and will consider the issue over the course of the close season.
Championship
Separately, in the Championship, Clubs have also committed to change and agreed in principle to target the end of the calendar year to determine how future cost controls in the division will work.
Clubs will now consider multiple options to enhance or replace the current Profitability and Sustainability Rules (P&S) via a new working party that will represent the views of all 24 Clubs before deciding on the most appropriate direction of travel.