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:
Cavaliers C Jarrett Allen ruled out for Game 6 of firstBella Hadid looks ethereal in a strapless white dress in NYCIndoor climbing wall users may be breathing in toxic rubber dust linked to CANCERAdin Hill flashes old playoff form as Golden Knights beat Stars 2Shameless taxi driver who boasted to his passengers about being pulled over for speedingSenate races are roiled by campus protests over the war in Gaza as campaign rhetoric sharpensJudge denies pretrial release of a man charged with killing a Chicago police officerYankees ace Gerrit Cole throws 15 fastballs in first bullpen session since injuring elbowRoyal Challengers Bengaluru beat Gujarat Titans to stay alive in IPLDrew Barrymore unveils new fashion collaboration with Justin Bieber's Drew House brand
1.9137s , 6497.921875 kb
Copyright © 2024 Powered by English Premier League takes another step toward introducing a spending cap ,Global Grasp news portal