English Premier League takes another step toward introducing a spending cap
Time:2024-05-21 16:31:18 Source:sportViews(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:Ben Whishaw lights up the Croisette as he joins his co
Next:Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
You may also like
- Siblings trying to make US water polo teams for Paris Olympics
- Woman pleads guilty to plotting with a neo
- Giants' Jung Hoo Lee has structural damage in injured left shoulder, will seek second opinion
- China, other countries to spur trade
- Verona confirms Serie A status for another year after beating Salernitana
- AI, digital technologies inject new impetus to cultural tourism boom
- 11 people die in shootings in small town in southern Mexico state of Chiapas, prosecutors say
- Meet the IT whizz who beat Prince Harry: Computer programmer created Agatha Christie
- Jessica Biel CHOPS her long locks into a bob after book signing in Studio City