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:
Related suggestion:
Eva Mendes gushes over 'my Cuban Papi' Ryan Gosling after he wears TRaúl Ruidíaz scores two goals and the Sounders beat the Union 3Sam Fender drops a major hint about his upcoming third studio albumWe shall slight them on the beaches! Cafe on Normandy's Omaha beach stormed by the Allies during DPowell likely to signal that lower inflation is needed before Fed would cut ratesHow major US stock indexes fared Tuesday, 4/30/2024Ashley Roberts cuts a stylish figure in a £723 Fiorucci printed coRays and Brewers get into wild brawl, with Uribe and Siri in the middle of itLele Pons reveals she was attacked by pit bull while defending her dog from being mauledAshley Roberts cuts a stylish figure in a £723 Fiorucci printed co
2.5521s , 6501.484375 kb
Copyright © 2024 Powered by English Premier League takes another step toward introducing a spending cap ,Cosmic Coverage news portal