English Premier League takes another step toward introducing a spending cap
Time:2024-05-21 15:33:56 Source:healthViews(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:Candice Swanepoel stuns in a form
Next:Georgia Republicans choose Amy Kremer, organizer of pro
You may also like
- Everybody may love Raymond, but Ray Romano loves Peter Boyle
- Scheffler wiped out from Masters and opens with a 69 at Hilton Head. He trails Poston by 6 shots
- Seattle Storm become 2nd WNBA team to open their own practice facility
- Argentina asks to join NATO as President Milei seeks a more prominent role for his nation
- Red Lobster seeks bankruptcy protection after closing some restaurants
- Arkansas hires Kenny Payne as associate head coach under John Calipari
- Brazil's president creates two new Indigenous territories, bringing total in his term to 10
- Bethenny Frankel confesses that she used to 'force' herself to have sex with ex
- Yvette Fielding says her Most Haunted co