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A tweak to the Premier League Financial Fair Play rule comes into effect from midnight - and it's set to give all top flight clubs a major boost.

The Short Team Cost Control rule was brought into play in 2013 and, ultimately, prevents clubs from using broadcast revenue to fund a reckless wage bill increase.

If a club's overall wage bill is less than £67million then the rule does not apply to them.

But clubs with bigger wage bills - the vast majority of the Premier League - are only allowed to increase their total salary spend by £7m on the previous season, or £19m on their figure from 2012/13.

(Image: PA Archive/PA Images)

Huge clubs are able to get around the rule if they can prove that their own revenues - not those obtained from broadcast rights - can fund a wage increase of more than £7m.

But as of midnight on Monday, clubs will no longer have to worry about this rule as it is being scrapped.

Times Sport has reported that the Short Team Cost Control rule has been removed for the next three-year financial window, which begins on Tuesday.

(Image: PA)

Clubs will of course still have to adhere to the existing Financial Fair Play rules.

But they will now be able to splash out this summer without worrying about a short-term revenue uplift covering a rapid increase to their wage bill.