Man United, Newcastle and Aston Villa have been dealt a major blow with the Premier League’s profit and sustainability rules set to remain in place for a further year, amid the outcome of a legal challenge from Man City.

Clubs had initially agreed to sign up to new protocols to replace the existing, controversial Profit and Sustainability Rules (PSR).

A new system, known as anchoring, provisionally approved by clubs last year and expected to be introduced for next season.

Clubs have now voted to delay its introduced for a further year, with the existing rules set to remain in place next season.