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.
Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
Why we cannot let the disability support changes happen
I refused to accept my neighbour's parcel
Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
I get shamed by other mothers for being naturally pretty with a good figure
Rustle these up with Rosemary: Carrot cake with orange buttercream and walnuts
Emily Ratajkowski keeps it comfy in gray sweatpants and hoodie as she catches ride in NYC
Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
Should you put 'magic' mushrooms in your coffee?
Siblings trying to make US water polo teams for Paris Olympics
Signs of sharp wit! These funny notices left customers in fits of laughter