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
Mystery artist who erected signs comparing pothole
A defiant resident infuriated by the potholes in their road has taken revenge on the council by erec2024-05-21Diamondbacks avoid a sweep with a 9
BALTIMORE (AP) — Zac Gallen pitched six solid innings, and the Arizona Diamondbacks beat an unusuall2024-05-21Rangers look to regroup as they return home with 3
The New York Rangers aren’t dwelling on their first loss of the postseason. They still have plenty o2024-05-21Doug Barron claims first PGA Tour Champions major with bogey
BIRMINGHAM, Ala. (AP) — Doug Barron outlasted the series points leader, Hall of Famers and the two-t2024-05-21Iran helicopter crash that killed President Raisi could reverberate across the Middle East
JERUSALEM (AP) — The helicopter crash in which Iranian President Ebrahim Raisi, the country’s foreig2024-05-21Germany limits cash benefit payments for asylum
EICHSFELD, Germany (AP) — When Erdina Laca goes grocery shopping in Eichsfeld these days, she pulls2024-05-21
atest comment