Premier League Clubs Agree To Quota
This from the BBC:
England's Premier League clubs have agreed new rules on the number of "home-grown" players in their squads.
From next season, each club will, at the end of every transfer window, have to name at least eight "home-grown" players in a squad of 25.
To qualify as home grown, a player will have had to be registered for at least three seasons at an English or Welsh club between the ages of 16 and 21.
In addition, clubs have been warned to adhere to new financial rules.
In agreeing to a quota on "home-grown" players from the beginning of the 2010-11 season, Premier League clubs have been guided by Uefa's interest in the development of young players.
It will encourage youth development and the promotion of young players," said Premier League chief Richard Scudamore. "It's a rule which we think will give clubs an extra incentive to develop players, and to make a better return from their investment in youth.
"Make, rather than buy, is our intention."