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
Celebrity birthdays for the week of May 26
Celebrity birthdays for the week of May 26-June 1:May 26: Sportscaster Brent Musburger is 85. Drumme2024-05-21Raptors hand Wizards franchise
The Toronto Raptors guard Immanuel Quickley scored a season-best 31 points, dished out 13 assists, a2024-05-21French bid to host 2030 Winter Olympics talks with Italy, Netherlands to stage speed skating
LAUSANNE, Switzerland (AP) — The favored French candidacy to host the 2030 Winter Olympics is in tal2024-05-21- Juventus eventually breathed a life back in Serie A as they edged past Fiorentina 1-0 through Federi2024-05-21
Georgia Republicans choose Amy Kremer, organizer of pro
COLUMBUS, Ga. (AP) — Georgia Republicans on Saturday elected to the Republican National Committee a2024-05-21Sparking youthful passion for the stage
"The activities of World Theater Day aim to rekindle young people's interest in the vitalit2024-05-21
atest comment