English Premier League takes another step toward introducing a spending cap
Time:2024-05-18 00:17:09 Source:politicsViews(143)
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.
Previous:'ALL Brits are welcome!' Mayor of Magaluf's message to UK holidaymakers following 'tourism
Next:Couples' therapist reveals the 10 signs you're in a healthy relationship
You may also like
- At £300k a day, Covid inquiry set to be most expensive ever, outstripping Bloody Sunday
- Chris Hemsworth reunites with his former Home and Away co
- As US spotlights those missing or dead in Native communities, prosecutors work to solve their cases
- Rumer Willis praises mom Demi Moore's 'bangin' body after actress, 61, flaunts it in leopard
- Olivares, Gonzales homer to lead Pirates to 5
- Mark Hamill drops by White House before 'Stars Wars' day
- Anne Hathaway rocks fictional boy band tee 'August Moon' as part of her promo push for new rom
- Georgian protesters against 'Russia
- Mbappé farewells the French league when PSG visits Metz in final round