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
Jon Wysocki dead at 53: Staind drummer passes away
The music world is in mourning this Sunday, with word that original Staind drummer Jon Wysocki passi2024-05-21Channel 4 axe raunchy panel show as they make way for wild boundary
Channel 4 have axed their raunchiest panel show to make way for a new dating show that is set to bre2024-05-21Goalkeeper Nahuel Guzmán suspended for 11 games, fined for pointing laser at rival in Liga MX match
MEXICO CITY (AP) — Nahuel Guzmán, a goalkeeper for the Mexican club Tigres of Nuevo Leon, was suspen2024-05-21Maryland teen charged with planning school shooting after police review writings, internet searches
ROCKVILLE, Md. (AP) — An 18-year-old Maryland high school student was charged with planning to commi2024-05-21Kristin Cavallari, 37, ignores critics of her age
Kristin Cavallari is enjoying a romantic rendezvous with her much younger cowboy lover Mark Estes in2024-05-21Alabama lawmakers advance bill to strengthen state's weak open records law
MONTGOMERY, Ala. (AP) — The Alabama Senate on Thursday advanced legislation aimed at strengthening t2024-05-21
atest comment