English Premier League clubs will be allowed to extend players’ contracts whose time expires on or before June 30th.
This was agreed during the Monday meeting that brought together various shareholders as they met to debate the future of the 2019/20 season.
A number of clubs feared they might lose their players whose contracts were due to expire at the end of June, which could have potentially ruined the season, which has been affected by the coronavirus pandemic.
It was agreed by all Shareholders that clubs and players can mutually agree to extend their contracts beyond 30 June until the end of the season.
“What we decided today is to ensure as far as possible that clubs complete the season with the same squad they had available prior to the suspension of the campaign,” said Richard Masters, the Premier League Chief Executive.
“Players can extend their contracts beyond 30 June until the end of the season, but it must be agreed by both parties.”
The clubs and players were then given until 23 June to agree on extensions.