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
Company wins court ruling to continue development of Michigan factory serving EV industry
GREEN TOWNSHIP, Mich. (AP) — A judge has ordered a Michigan community to stop blocking efforts to br2024-05-21How to be a 'Fall Guy': Stunt performers on their rough
NEW YORK (AP) — There are two things to keep in mind while being burned alive for a movie scene.The2024-05-21- LONDON (AP) — Matthew Shardlake steps out of the pages of the late C.J. Sansom’s popular historical2024-05-21
Alabama lawmakers propose compromise on gambling bill with lottery, electronic wagering machines
MONTGOMERY, Ala. (AP) — Alabama lawmakers on Tuesday proposed a compromise on gambling legislation t2024-05-21Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
ARLINGTON, Texas (AP) — The reigning World Series champion Texas Rangers are undefeated this season2024-05-21Google workers fired over Israeli contract protests file complaint with labor board
SAN FRANCISCO (AP) — Dozens of Google workers who were fired after internal protests surrounding a l2024-05-21
atest comment