I think FA needs to step in to stop this hyping been placed on English players because it is becoming something else, how can West Ham United be demanding for a £100 for a player like Declan Rice that's crazy and the next thing you see after a club have paid that amount now he won't be as good as he was when playing for west Ham United after paying that huge amount. Best wishes for the them that will end up paying that amount but I think Arsenal and Manchester city should not pay such high amount because Rice is not worth that amount right now regardless of his form last season. £80 is ok I think Manchester city has over priced him already because in my opinion Rice shouldn't be above £60 despite his form. Now since Arsenal is preparing a third bid for him, I think Arteta may likely secure his signature because he's going to have more playing time in Arsenal than Manchester city but Arsenal won't pay the £100 that West Ham United is demanding unless they will have a clause to his contract.
I guess majority of clubs in EPL will not agree with it. Remember that if it must go through voting process and so many small clubs were also aiming money that owned by the big clubs. It will not have enough votes compared with small - medium teams in EPL.
This kind of rules will not work. Arsenal has no choice other than agreed with the fees that already placed by westham. This hype is just getting started and it will be even more crazy since now so many teams were putting more than 100m for their favorite player in the club.
It's gonna be another record to buy and sell the player which is worth even more than 100m. it's just matter of time until this reaches its peak.
I see money like nothing important in EPL. Many clubs have been wasting so much money.