English Premier League takes another step toward introducing a spending cap
Time:2024-05-21 10:13:14 Source:politicsViews(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:Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
Next:Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
You may also like
- Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
- Young Entrepreneur Develops Persimmon Businesses, Helps Rural Women Increase Incomes
- Israeli army kills over 200 Palestinians, arrests 1,000 in Gaza hospital: Hamas
- China Launches Student Safety Education Campaign
- Liverpool confirms Arne Slot as Jurgen Klopp's replacement
- Promoting Harmony Within Families
- 4th China International Consumer Products Expo to Kick off in Hainan
- Chongqing Establishes Family Education Guidance Mechanisms
- Mohammad Mokhber: Who is Iran’s acting president?