English Premier League takes another step toward introducing a spending cap
Time:2024-05-21 13:00:09 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:Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
Next:Target to lower prices on basic goods in response to inflation
You may also like
- Kevin Pillar gets 1,000th career hit in Angels' win at Texas
- His latest dish! James Martin, 51, is arm
- 'Wearing garden on the head' in Fujian attracts visitors
- Chicago shooting kills 7
- Strictly star Giovanni Pernice's former partner Rose Ayling
- Paolo Banchero scores 26 as Magic clinch playoff spot with 113
- Spring Festival TV gala to delight global audience with traditional culture, cutting
- I am a neurologist but was still diagnosed with Parkinson's disease in my 40s
- Adams, Reyna, Turner, Ream are US concerns ahead of Copa America