Tony Bloom wants to see “loopholes” closed as the Premier League cut down on excessive spending.

But Albion’s chairman said there should still be scope for investment.

The Seagulls remain well within Profit and Sustainability limits, despite their big-spending summer.

There are likely to be changes at some stage in the coming year over how Prem clubs manage their finances.

Everton and Nottingham Forest were both deducted points last season and a handful of clubs have had to keep a particularly close eye on their finances.

Bloom said: “With any set of financial rules, clubs will try to take advantage of loopholes.

“As long as it is within the rules, then they are allowed to.

“It is up to the Premier League, when there are loopholes, to change the rules to stop them.”

Bloom hopes to see more real-time punishments handed out when required.

He also called for his fellow club owners to keep their own houses in order rather than testing the disciplinary processes.

He added: “I think the new rules, which hopefully will come in over the next six months for next season and beyond, when it is all one season at a time, will reduce the amount of loopholes, the amount of ways clubs can get around it.

“So, I am just hoping that going forward the rules do allow significant losses for each club, allow for investment, and I am hoping that Premier League (club) owners will stay within the rules much more than perhaps has happened in the past.”

Bloom was speaking BEFORE news emerged that Leicester City had seemingly found their own loophole as they strive to avoid a Prem points decision.

The Premier League said they were “surprised and very disappointed” after Leicester won their appeal against a decision that an independent commission had jurisdiction to consider an alleged breach of profit and sustainability rules.

An appeal board found that Leicester’s accounting period – after it was claimed the club exceeded the permitted £105 million threshold over three seasons – ended on June 30, 2023, a month and two days after the Foxes were relegated from the top flight.

The Premier League said the appeal board’s decision “effectively means that, despite the club being a member of the (Premier) League from seasons 2019-20 to 2022-23, the league cannot take action against the club for exceeding the relevant PSR threshold in respect of the associated accounting periods”.

It added that the verdict “will have created a situation where any club exceeding the PSR threshold could avoid accountability in these specific circumstances”.

Leicester, who could have faced a points deduction had they been found to have breached financial rules, welcomed the decision.