Peterborough United demand a punishment amnesty as financial fairplay rules return to the EFL

Instead financial fairplay rules of previous seasons will now be in operation, but Posh are arguing there must be a punishment amnesty as most EFL clubs will currently be in breach of the fairplay rules because they have had no income from crowds for most of the last 12 months.

Posh co-owner Dr Jason Neale attended the EFL clubs meeting this week. He said: “The upshot of the meeting was that the salary cap is no longer applicable. The EFL has two choices; (a) negotiate with PFA to bring the salary cap back or (b) leave the PFNCC agreement and put the salary cap back. Several people strongly argued for (b).

“As it stands now, we will revert to the financial fair play rules of prior seasons. Subsequently, it’s likely that the majority or even all of the EFL L1 and L2 clubs will be in breach of the rules, and unless the EFL gives us a waiver, everyone will be under a transfer embargo and effectively prohibited from signing players.

“The reason for this is simple. Financial fair play limits player expenses to a percentage of revenues and of course none of us have revenues consistent with previous seasons as we don’t have crowds.”

Posh voted in favour of a salary cap at the end of last season.