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:
Related suggestion:
David Beckham talks to Jimmy Kimmel about 'perfect' Lionel Messi joining Inter MiamiFor Israel’s contestant, the Eurovision Song Contest comes with tight security, boos and cheersSusanna Tapani scores in OT, Aerin Frankel makes 53 saves, and Boston beats Montreal 2No sign of widespread lead exposure from Maui wildfires, Hawaii health officials sayLakers star Christian Wood's exTrump is limited in what he can say about his court case. His GOP allies are showing up to helpMike Trout decided having surgery was better option than being only a DHResurfaced clip shows 21Hall of Fame defensive back Jimmy Johnson dead at age 86Stock market today: Asian shares trade higher after Wall St rally takes S&P 500 near record
3.1745s , 6495.2578125 kb
Copyright © 2024 Powered by English Premier League takes another step toward introducing a spending cap ,International Insight news portal