The Premier League will introduce a squad cap of 25 players and a quota on home-grown players from next season, chief executive Richard Scudamore has confirmed.
The 20 clubs met last Thursday to agree the introduction of a home-grown player rule, which will take effect at the start of next term, and the immediate implementation of financial reporting rules.
"As of next season clubs will be required to have a squad named of up to 25 players, of which no more than 17 can be over the age of 21 and not home grown," said Scudamore.
"The definition of home grown is trained for three years under the age of 21 by somebody in the English and Welsh professional system.
"Clubs will have to declare their 25 at the end of August when the window shuts and then again at the end of January."
Scudamore denies the move will encourage clubs to hoard young foreign players and claims the England team will ultimately reap the reward.
"It's not in the club's interests to stockpile players. It will make buying home-grown talent more attractive," he said.
"We're not going down the route of a nationality test but what this will mean is that you just can't buy a team from abroad.
"We think it will give clubs an extra incentive to invest in youth. We think that one of the benefits will be that it will help the England team."
All 20 Premier League members also agreed to adhere to a set of financial reporting rules designed to protect the viability and sustainability of the clubs.
"They will all have to annually submit accounts and future financial information," said Scudamore.
"At all times the board of the Premier League will be applying a test which basically says this: can the club fulfil its fixtures, pay off its creditors when they are due and also to meet obligations to the Premier League's contracts and partners?
"If the board believe a club is at risk of not meeting those obligations, it has to then step in and agree a budget for the running of that club. Any transfers can be embargoed.
"It's absolutely crucial that these clubs are run as ongoing viable concerns. These financial rules apply immediately.
"This is tied in, and we passed the rule during the summer, to a 'fit and proper person test'.
"At our club meeting last week, the clubs absolutely endorsed our position of not linking expenditure to income."

http://eurosport.yahoo.com/14092009/58/premier-league-premier-league-bring-home-grown-quota.html

So of the top clubs, who is going be worse off?

Assanal of course. See the return of Justin Hoyte and co

dayokanu:

Assanal of course. See the return of Justin Hoyte and co

I think arsenal are actually in a good position. Of their 29 first team players, about 16 should qualify as home grown, with Cesc, Walcott, Bedtner, Denilson, Clichy, and Song, all likely to qualify as homegrown.
Chelsea on the other hand might be in trouble if FIFA does not lift the lift the transfer ban.

The English FA are a buncha obnoxious piglets.

25 squad players? How the Bleep is that fair on the big teams.
Clubs like Stoke, Wigan and Pompey play less than 45 games a season.
Teams like United get to play 60+ games every season and you expect them to name the same number of squad players per season??

Something is wrong with the idiots at SOHO square, really!!!!

Sharonu take a chill pill jare.

I never thought I'd say this, but i agree with ~sauron~ the squad cap is trash,
but I do like the idea of "home grown" quota, it's good for the game.

@post
I think chelsea will suffer most.

dayokanu:

Assanal of course. See the return of Justin Hoyte and co

hehehe, cool down na. Chelsea stands to suffer the most. Not Arsenal

~Sauron~:

The English FA are a buncha obnoxious piglets.

25 squad players? How the Bleep is that fair on the big teams.
Clubs like Stoke, Wigan and Pompey play less than 45 games a season.
Teams like United get to play 60+ games every season and you expect them to name the same number of squad players per season??

Something is wrong with the idiots at SOHO square, really!!!!

i tot it was an agreement between the clubs and the FA

Chelsea and Pool should suffer