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
Ben Whishaw lights up the Croisette as he joins his co
Ben Whishaw was all smiles at the world premiere of Limonov: The Ballad at the 77th annual Cannes Fi2024-05-21Full Text: Report on the Work of the Government
(Xinhua) 08:08, March 13, 2024BEIJING, March 12 (Xinhua) -- The following is the full text of the go2024-05-21Commentary: Why Washington's rage over China's Micron ban is calling white black
(Xinhua) 13:33, June 01, 2023BEIJING, June 1 (Xinhua) -- China's recent legitimate sales ban on the2024-05-21- (China Daily) 15:07, February 24, 2023[Luo Jie/China Daily]2024-05-21
Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
Noel Gallagher has insisted he would still back Tony Blair for PM - as he warned Keir Starmer not to2024-05-21China poised for strong recovery in 2023, says Morgan Stanley economist
(Xinhua) 13:08, January 18, 2023NEW YORK, Jan. 17 (Xinhua) -- China's economy is expected to deliver2024-05-21
atest comment