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
Company wins court ruling to continue development of Michigan factory serving EV industry
GREEN TOWNSHIP, Mich. (AP) — A judge has ordered a Michigan community to stop blocking efforts to br2024-05-21Russell Wilson and Ciara find a buyer for $25m, 11,000sq ft mansion near Seattle
Russell Wilson had been struggling to sell his mansion in his former home city of Seattle for two ye2024-05-21Montana man gets 2 1/2 years in prison for leaving threatening voicemails for Senator Jon Tester
BILLINGS, Mont. (AP) — A Montana man who pleaded guilty to leaving voicemail messages threatening to2024-05-21Bernie Williams to raise awareness of lung disease at May 3 event in Puerto Rico
SAN JUAN, Puerto Rico (AP) — Fresh off his New York Philharmonic debut, former New York Yankees cent2024-05-21Jon Wysocki dead at 53: Staind drummer passes away
The music world is in mourning this Sunday, with word that original Staind drummer Jon Wysocki passi2024-05-21Tom Cruise, 61, is 'flattered' at being on 38
Tom Cruise is 'flattered' that Irina Shayk has placed him at the top of her list of potential new bo2024-05-21
atest comment