Clubs in League One and Two have voted in favour of squad salary caps, the EFL has announced, with discussions over financial constraints in the Championship ongoing.

The cap will be set at £2.5million in League One and £1.5m in League Two and has been introduced with immediate effect, the EFL said.

Rovers were promoted from League One in 2017/18 with a wage bill in the region of £8m. The cap is unlikely to pose any problems for Accrington Stanley who will begin a third consecutive season in the third tier.

A statement from the EFL read: "The decision follows extensive and comprehensive consultation with all clubs in respect of addressing sustainability and wage inflation issues across the EFL which were initiated prior to the suspension of football in March following the Covid-19 outbreak and have continued during the course of the summer."

Players' union the Professional Footballers' Association has expressed concerns about the proposals as they are drafted, and has called for further consultation and clarity around the objectives for introducing a cap.

It is reported that 22 League Two clubs were in favour of a cap, with two against.

The EFL said the cap would cover basic wages, taxes, bonuses, image rights, agents' fees and other fees and expenses paid directly or indirectly to all registered players.

Promotion bonuses or incentives payable for success in cup competitions will not be included, the EFL said, and any income generated from players going out on loan is deducted from the club's salary cap calculation.

EFL CEO, David Baldwin said: “The term ‘salary cap’ is an emotive one, creating the impression of a restrictive measure but we are clear in our view that this is neither the objective nor the likely effect of these changes to EFL Regulations.

“The financial impact of Covid-19 will be profound for EFL Clubs and today’s vote will help ensure clubs cannot extend themselves to the point that could cause financial instability.

“Over the last two weeks the discussions among clubs in both Leagues One and Two have been healthy and constructive, allowing us to reach a clear consensus today and I am pleased that the Clubs have determined to adopt the new approach.

“We will now work with all clubs, the PFA and, where appropriate, other stakeholders to implement the new rules and continue our efforts to bring long-term sustainability to the EFL.”