English Premier League takes another step toward introducing a spending cap
LONDON (AP) — The English Premier League has taken another step toward introducing a spending cap.
At a shareholders’ meeting in London on Monday, the top-flight teams voted to progress to the final stage of a legal and economic analysis of the “anchoring” principle.
That system would limit — or anchor — the spending by all clubs to a multiple of the combined prize money and cash from TV rights earned by the last-placed team in the league. As a consequence, it would reduce the potential spending power of the clubs with the biggest revenues and richest owners, helping to increase the competitiveness of the league.
Clubs might get the opportunity to vote at the league’s annual general meeting in June on whether to adopt the spending cap, depending on the progress made in finalizing a proposal. There was no official announcement by the Premier League on the matter.
Related articles
Georgia Republicans choose Amy Kremer, organizer of pro
COLUMBUS, Ga. (AP) — Georgia Republicans on Saturday elected to the Republican National Committee a2024-05-21Exclusive: How a Nigerian king who Harry hailed as one of his 'new in
Taking the microphone, Prince Harry gestured towards the Nigerian royals ranged before him, playfull2024-05-21- McDonald's UK have unveiled a brand new budget-friendly '3 for £3' menu, which lets you 'mix and mat2024-05-21
The Paralympics open in 100 days. Paris organizers are launching a campaign to boost ticket sales
PARIS (AP) — With 100 days until the Paralympics begin, Paris organizers are delivering a message fr2024-05-21Mystery artist who erected signs comparing pothole
A defiant resident infuriated by the potholes in their road has taken revenge on the council by erec2024-05-21- As Covid-19 restrictions lifted in recent years across Europe, tourism has returned close to the lev2024-05-21
atest comment