English Premier League takes another step toward introducing a spending cap
Time:2024-05-21 12:23:22 Source:styleViews(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:Who is Jacob Zuma, the former South African president disqualified from next week's election?
Next:Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
You may also like
- Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
- People of Yao ethnic group perform during harvest festival in Guangxi
- Parcel delivery active in rural business
- Beijing looks to boost green technology development
- Shohei Ohtani's first walk
- AI begins to feature prominently in 2024 Hurun Global Rich List: report
- China's Spring Festival box office record spirals upward
- Family in NW China's Ningxia carries forward paper cutting culture
- Ohio judge to rule Monday on whether the state’s abortion ban stands