English Premier League takes another step toward introducing a spending cap
Time:2024-05-21 12:08:55 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:Biden says Brown v. Board of Education ruling was about more than education
Next:Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
You may also like
- Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
- Rosie Huntington
- Exclusive: How a Nigerian king who Harry hailed as one of his 'new in
- The Islamic State claims attack in Afghanistan that killed 3 Spanish citizens and 3 Afghans
- Ben Whishaw lights up the Croisette as he joins his co
- String of pars weren't enough for Collin Morikawa as others shot birdies at PGA Championship
- Chris Hemsworth set to be honoured with a star on the iconic Hollywood Walk of Fame
- Barcelona seals lucrative 2nd place in Spain, Sorloth scores 4 as Villarreal draws with Real Madrid
- I was 'brokefished' by my friend for £400