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
The unstoppable duo of Emma Stone and Yorgos Lanthimos
CANNES, France (AP) — Before a journalist has even lobbed a question, Emma Stone and Yorgos Lanthimo2024-05-21Biden pledges 'relentless diplomacy' on global challenges
Your web browser is no longer supported. To improve your experience update it here2024-05-21I took a flight from Bristol to Edinburgh instead of getting the train
Two friends have compared the same journey via bus and plane to expose the delays and inconveniences2024-05-21- There’s nothing worse than fawning colleagues who laugh falsely at the boss’s jokes and agree with t2024-05-21
Four people killed in a house explosion in southwestern Missouri
GOODHOPE, Mo. (AP) — Four people in rural Missouri died when an explosion that could be heard 10 mil2024-05-21- Stepping out of Lausanne train station, everywhere is pristine: no graffiti, no litter, no pushing a2024-05-21
atest comment