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
- A small group of NFL rookies from the 2024 class, including Caleb Williams and Drake Maye, sat down2024-05-21
Pink Princess and wannabe fashion designer Maria Chiara rocks DIY dress in Cannes
She has one of the most extravagant titles in Europe — Princess Maria Chiara of Bourbon Two Sicilies2024-05-21Irish interest in NFL heats up as league scouts more international cities to stage games
LONDON (AP) — Several hundred thousand Irish viewers got a tutorial from Charlie Smyth on the differ2024-05-21The late Rev. Billy Graham is immortalized in a statue unveiled at the US Capitol
A bronze sculpture of the late Rev. Billy Graham was unveiled at the U.S. Capitol on Thursday, with2024-05-21Target starts price war with Walmart by slashing the cost of 5,000 popular items
Target will be lowering prices on at least 5,000 frequently bought products ranging from milk to dia2024-05-21Nevada Supreme Court denies appeal from Washoe County election
RENO, Nev. (AP) — An election-fraud crusader who failed in earlier attempts to oust Washoe County’s2024-05-21
atest comment