English Premier League takes another step toward introducing a spending cap
Release time：2024-05-21 15:06:25 Source：Earth Explorer news portal
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：Liverpool confirms Arne Slot as Jurgen Klopp's replacement
- Next：Shooting injures 2 at Missouri high school graduation ceremony
Related articles
- Ship that caused Baltimore bridge collapse has been refloated
- NASA's historic Mars helicopter Ingenuity grounded for good after 72 flights
- US regulator grounds Boeing MAX 9 indefinitely, flights cancelled
- Chilean vet helps dogs, cats and rabbits injured in wildfires
- Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
- Pioneering observation satellite ERS
- Number of reported scams drops, but 'underreporting is still happening'
- Doggy ballgowns, surveillance tech and cloning services for sale at China pet fair
- Mohammad Mokhber: Who is Iran’s acting president?
- Connings Food Market to take over Nelson site deemed not financially viable for affordable housing
- Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
- Watch: Peru policeman dressed as bear pounces on Valentine’s Day
- Te Pāti Māori co
- Climate activists demand Christchurch include cruise ship emissions in targets
- Amtrak train hits pickup truck in upstate New York, 3 dead including child
- Number of reported scams drops, but 'underreporting is still happening'
- Judges sceptical of Trump's immunity claim in election subversion case
- Te reo Māori: Govt seeks to halt extra pay for public servants fluent in the language
- Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
- Waitangi 2024: Thousands stand in unity to challenge government on Treaty principles
Random recommendation
- Copyright © 2024 Powered by English Premier League takes another step toward introducing a spending cap ,Earth Explorer news portal sitemap