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:
The OTHER glamorous aide supporting Trump at his trial: Meet his golf partner Natalie HarpStephen Curry tells the AP why 2024 is the right time to make his Olympic debutItaly's leader keeps the focus on migration on her fourth visit to Tunisia in a yearVictory for free speech in the face of Brussels bullies! Nigel Farage returns to rightCatholic officials in Brooklyn agree to an independent oversight of clergy sex abuse allegationsThe U.N. rights chief says eastern Congo's escalating violence is being forgotten by the worldClarifications and correctionsCatholic officials in Brooklyn agree to an independent oversight of clergy sex abuse allegationsDisneyland performers file petition to form labor unionFormer Mormon reveals the wild list of rules she was forced to follow while living within ultra
2.9699s , 6498.921875 kb
Copyright © 2024 Powered by English Premier League takes another step toward introducing a spending cap ,World Watch news portal